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September 12, 2008

Idaho resort scrambles to keep afloat

  • Bank of America has started foreclosure proceedings on Tamarack's conference center and recently threatened to remove two ski lifts because of late lease payments.
    • By JOHN MILLER
    Associated Press Writer

    Image courtesy Agassi Graf Development LLC [enlarge]
    Tennis stars Andre Agassi and Steffi Graf bailed out of this luxury hotel project at Tamarack. Developers are seeking new investors.

    BOISE, Idaho — Bank of America threatened to remove two ski lifts after Tamarack Resort fell behind on lease payments, forcing the central Idaho development's majority owners to promise to cover future shortfalls, a spokesman said Wednesday.


     
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