Week In Review July 26: Tamarack Fraud and Whaleback Auction
Steamboat wants night skiing and NY officials butt heads at Belleayre
Tamarack Auction Postponed, Would-Be Buyer Jailed For Fraud
The public auction of building materials and unfinished construction projects, including a plaza and a golf course hotel, at Idaho’s failed Tamarack resort, is now postponed for two months. The resort opened roughly a decade ago, but became another victim of the recession, with French majority owner Jean-Pierre Boespflug defaulting on a $250 million construction loan from Credit Suisse. His hiding from demands that he appear at foreclosure proceedings eventually precipitated into a $3.5 million warrant being issued for his arrest in 2011.
As well, Matthew Hutcheson, an investor who controlled retirement plans for small businesses and who tried to wrangle control of Tamarack from Boespflug, has been convicted of 17 counts of wire fraud for robbing his clients’ pension funds for personal expenditures, including the attempted $40 million cash purchase of Tamarack. Hutcheson’s been sentenced to 17 years in prison.
New York Officials Butt Heads on Belleayre Expansion
Officials in Green County, New York – home to Hunter Mountain and Windham – publicly expressed their opposition to the proposed $74 million expansion of the state-owned Belleayre Mountain. The state wants to add another 5.3 miles of ski terrain and enough facilities to double their daily skier visits, from 4,500 to 9,000 visitors. No word yet as to whether extra hair gel stations are proposed to maintain the fanciful haircuts of the increasing numbers of skiers from Long Island.
Steamboat Wants to Night Ski
Steamboat Springs announced that it is moving forward with plans to add night skiing for the 2013/14 season. Steamboat’s PR crew says they’ve been looking into advanced technology that would lessen light pollution and that they’d be much lower to the ground than those at the town-owned Howelsen Hill.
New Hampshire’s Whaleback Mountain Up For Auction August 1
Whaleback Mountain, the small 700-vertical-foot ski hill off the side of I-89 in New Hampshire that Olympic mogul skier Evan Dybvig unsuccessfully tried to turn into a year-round action sports training grounds, will go up for auction on August 1, with a reserve price set at $848,000. The property is 154 acres on two parcels and 80 percent of it is lit for night skiing and 85 percent has snowmaking. The Hanover-based Upper Valley Snow Sports Foundation has publicly announced its intention to bid on the mountain so it can run it as a non-profit, although they’ve warned others they won’t be in position to go into a bidding war for the place, so if you have some rich buddies from Boston with dreams of their own private hill, better not let them in on the news.
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