Tamarack

Tuesday, February 4, 2014

Today's Tamarack Resort Auction Postponed ... Again

Posted By on Tue, Feb 4, 2014 at 8:53 AM

Initially, today was to be the auction where some of the last remaining pieces of the Tamarack Resort would be going on the block—including Tamarack's ski operations, hundreds of acres of land and an unfinished wing of the Lodge at Osprey Meadows.

But the McCall Star-News reports that the auction has been delayed again, and no new dates have been set.

The auction would have included five ski lifts, and a series of domed structures that have contained the Canoe Grill, Seven Devils Pub, Sports Dome, the Wildhorse Children's Center and the Crane Creek Market. Additionally, the unfinished Mid-Mountain Restaurant was slated for the auction.

A second sheriff's sale of the Osprey Meadows Golf Course at Tamarack was also set for today, but it has also been postponed.

This has been the third time the sales have been pushed back.

In 2007, the Tamarack Resort, just outside of Donnelly, had experienced half-a-billion dollars in real estate sales and the ski runs were being hailed as some of the best in North America. But what once promised to be one of the finest resorts on the planet ended up in bankruptcy, with half-finished buildings and a bench warrant for former Tamarack owner, and still-missing, Jean-Pierre Boespflug.

Meanwhile the Tamarack Municipal Association, representing nearly 400 homeowners, continues to run the ski operations at the resort.

  • Pin It

Tags: ,

Saturday, August 10, 2013

Tamarack Village Auction Rescheduled for Sept. 5

Posted By on Sat, Aug 10, 2013 at 2:00 PM

The on-again, off-again sheriff's auction of property and construction materials, once intended to become the shuttered Tamarack Village Plaza, is back on again.

Thursday, Sept. 5 is the latest date scheduled for the Valley County Sheriff's sale of the Village Plaza and the unfinished wing of the Lodge at Osprey Meadows. The auction will be held at the Valley County Courthouse in Cascade.

In 2007, the Tamarack Resort, just outside of Donnelly, had experienced half-a-billion dollars in real estate sales and the ski runs were being hailed as some of the best in North America. But what once promised to be one of the finest resorts on the planet ended up in bankruptcy, with half-finished buildings and a bench warrant for former Tamarack owner, and still-missing, Jean-Pierre Boespflug.

An auction of the unfinished Tamarack village had originally been slated for July 16, but one of the creditors, the Banner/Sabey construction company which is owed $13 million, asked for the original date to be postponed. But the McCall Star-News reports that an attorney for the construction company is prepared to move forward with the sale.

Prospective buyers will be expected to pay cash.

  • Pin It

Tags: ,

Thursday, July 18, 2013

Feds: Would-Be Tamarack Swindler Should Go to Prison for 210 Months

Posted By on Thu, Jul 18, 2013 at 10:21 AM

Michael Hutcheson in November 2010, announcing his plan to buy Tamarack.
  • George Prentice
  • Michael Hutcheson in November 2010, announcing his plan to buy Tamarack.

Federal prosecutors call Matthew Hutcheson an "unrepentant schemer" who should got to prison for more than 17 years for his role in raiding retirement accounts to fuel his scheme to buy Tamarack. A federal jury deliberated about three hours in April before finding Hutcheson guilty of 17 counts of felony wire fraud.

In November 2010, Michael Hutcheson of Eagle stood before the media saying he had a plan to buy the Tamarack ski resort for $40 million. When Boise Weekly tried to ask him about the details of his plan, he said he wouldn't take any questions.

Prosecutors said Hutcheson stole funds to, among other things, purchase an interest in the Tamarack Resort's golf course, renovate his Eagle home and purchase personal vehicles. During his federal court trial, prosecutors showed how Hutcheson took nearly $5 million from two pension accounts.

The Associated Press reports that Assistant U.S. Attorney Ray Patricco, in his sentencing recommendation, wrote that Hutcheson would go to any lengths to deceive and take advantage of others to help himself. Patricco wrote that Hutcheson should go to prison for 210 months.

  • Pin It

Tags: , ,

Saturday, June 29, 2013

Second Auction Scheduled to Sell-Off More of Shuttered Tamarack Village Plaza

Posted By on Sat, Jun 29, 2013 at 3:00 PM

If all goes as planned, unfinsihed and/or empty buildings at the Tamarack Village Plaza won't be the only things sold in July at the Valley County resort. The McCall Star-News reports that an extensive list of uninstalled building materials are also scheduled to be sold.

Furniture, elevator cabs, heating and cooling equipment, bathtubs, sheet metal, electrical conduits, restaurant equipment and vehicle tires are all on the "for sale" list at an auction scheduled for Monday, July 15.

That's in addition to the already-scheduled sheriff's auction, scheduled for Tuesday, July 16, when the Village Plaza complex and an unfinished wing of the Lodge at Osprey Meadows will be on the block.

"This sale should be viewed as another step in the completion of the larger Tamarack foreclosure," David Papiez, controller and asset manager of Tamarack Resort LLC told the Star-News.

In 2007, the Tamarack Resort, just outside of Donnelly, had experienced about $500 million in real estate sales, and the ski runs were being hailed as some of the best in North America. That was then. Today, the resort's village plaza is eerily silent: restaurants are padlocked and half-completed lodges are abandoned behind ugly makeshift fences.

Tamarack homeowners remind the public that their ski runs, golf course and bike trails are still open.

  • Pin It

Tags: , , , , ,

Monday, February 4, 2013

AP: Accused Would-Be Tamarack Buyer Wants To Be His Own Lawyer

Posted By on Mon, Feb 4, 2013 at 9:02 AM

Michael Hutcheson addresses media in November 2010 regarding his plan to purchase Tamarack.
  • George Prentice
  • Michael Hutcheson addresses media in November 2010 regarding his plan to purchase Tamarack.

An Eagle businessman, accused of raiding retirement funds for personal gain and to execute a deal to purchase Tamarack Resort, now wants to be his own lawyer.

In October 2012, U.S. District Magistrate Judge Candy Dale allowed attorney Dennis Charney to step away from his former client, Matthew Hutcheson. A federal prosecutor has claimed that Charney was a possible investor in Hutcheson's scheme to buy Tamarack, but Charney said that wasn't true, leaving the door open to the possibility of Charney being called as a witness in Hutcheson's trial.

In a bizarre November 2010 press conference, where he took no questions, Hutcheson stood before the media and said he had a $40 million plan to purchase the troubled Tamarack Resort.

"Does Green Valley have any experience running a resort of this sophistication?" Hutcheson asked of himself. "No. We've assembled an initial team of experts and we're prepared to bring in others to make Tamarack a successful and viable concern."

"What are the terms?" Hutecheson answered himself again, "We're offering $40 million dollars cash. The offer doesn't contain any financing condition."

Since being slapped with fraud charges and seeing his attorney dismissed from his case, a new judge has taken over the case: Senior U.S. District Judge William Fremming.

A hearing date is scheduled for Tuesday.

The Associated Press' John Miller reports that yet another attorney, Samuel Rubin of Boise, who had once sought permission to act as Hutcheson's standby counsel, now says there is a "serious breach of trust" between him and his client.

"There appears to be an irreconcilable breakdown in communication at least as far as representation is concerned," wrote Rubin in a six-page court document, according to the AP.

  • Pin It

Tags: , ,

Thursday, October 25, 2012

Judge Pulls Lawyer Away From Tamarack Trial

Posted By on Thu, Oct 25, 2012 at 9:00 AM

Michael Hutcheson addresses media in November 2010 regarding his plan to purchase Tamarack.
  • George Prentice
  • Michael Hutcheson addresses media in November 2010 regarding his plan to purchase Tamarack.


A federal judge has cleared the way for an Eagle developer, facing a string of charges surrounding an alleged swindle involving Tamarack, to get a new attorney.

The Associated Press reports that U.S. District Magistrate Judge Candy Dale has allowed Dennis Charney to step away from his former client, Matthew Hutcheson.

Federal prosecutors say Hutcheson raided retirement funds for personal gain and to execute a deal to purchase the financially strapped Tamarack resort in Valley County. Hutcheson faces 31 felonies, including wire fraud.

The exact nature of the dispute between Hutcheson and Charney wasn't disclosed Wednesday, but Dale wrote that "the court finds it necessary" to remove Charney from the case.

The AP reports that a federal prosecutor claims Charney was a possible investor in Hutcheson's scheme to buy Tamarack, but Charney claimed that wasn't true, leaving the door open to the possibility of the attorney being called as a witness in his client's trial.

  • Pin It

Tags: , ,

Friday, October 12, 2012

AP: Eagle Investor's Lawyer Wants to Quit Tamarack, Investor-Fraud Case

Posted By on Fri, Oct 12, 2012 at 11:20 AM

Michael Hutcheson addresses media in November 2010 regarding his plan to purchase Tamarack.
  • George Prentice
  • Michael Hutcheson addresses media in November 2010 regarding his plan to purchase Tamarack.

In November 2010, Eagle businessman Michael Hutcheson stood before the media with a plan to buy Tamarack. Now, he may not even have a lawyer—and he definitely needs one.

Hutcheson is facing a string of federal charges, including wire fraud, alleging he stole investor funds to purchase an interest in the Tamarack Resort's golf course, renovate his Eagle home and purchase personal vehicles.

As part of the Green Valley Holdings Group, Hutcheson said in 2010 that while he had no experience in running a resort, he was willing to "offer $40 million cash for Tamarack," but refused to answer any questions.

Federal prosecutors allege that Hutcheson misappropriated approximately $3.2 million of his investors' funds to try to purchase the resort.

The Associated Press reports that Hurcheson's lawyer, Dennis Charney of Eagle, filed paperwork in U.S. District Court in Boise, asking to remove himself from Hutcheson's case. Charney said he and Hutcheson disagreed over strategy and presentation, and that he might even be called as a witness when Hutcheson eventually goes to trial.

  • Pin It

Tags: , , , ,

Monday, September 24, 2012

Lenders To Get Green Light to Pursue Sheriff's Sale of Tamarack

Posted By on Mon, Sep 24, 2012 at 3:02 PM

While homeowners at Tamarack Resort say they're still planning for another ski season when the snow flies, the Associated Press reports that lenders are set to move forward with a sheriff's auction of the resort's assets.

The lenders, led by Credit Suisse Group, are owed up to $300 million from the bankrupt Valley County resort. The AP reports that a sheriff's sale could be concluded within 60 days.

In June, Bank of America repossessed the Wildwood high-speed chairlift after failing to come to an agreement with homeowners, who have been trying to maintain ski seasons in the shadow of the resort's failure.

Meanwhile, an indicted Eagle money manager, accused of bilking investors as part of a $40 million scheme to buy Tamarack, was ordered to back away from the resort and not to solicit investors pending his trial of misappropriating funds to remodel his home.

  • Pin It

Tags: , ,

Tuesday, June 5, 2012

Beleaguered Resort Loses Lift

Posted By on Tue, Jun 5, 2012 at 11:26 AM

Despite the Tamarack Homeowners Association rallying to keep the ski hill operating the last two winters, the beleaguered resort is getting sideswiped again as it loses one of its main lifts.

The Associated Press is reporting that Bank of America has moved forward with the process of repossessing the Wildwood high-speed chairlift after the bank failed to reach an agreement with homeowners.

The lift has been in place for seven years, and the same company that built the lift—Highlander Ski Lift Services and Construction—is now beginning the process of taking it down. Cable has already been removed and work is expected to be completed in the next few months.

Several proposed buyers for the resort outside Donnelly have either backed out, fallen through or been indicted over the years, and the resort is closing in on the end of its foreclosure proceedings.

While Bank of America officials haven't said what will happen to the lift, we're guessing it might show up in one really, really big yard sale.

  • Pin It

Tags: , ,

Friday, May 4, 2012

Star-News: Ski Season Losses Total Nearly $300K

Posted By on Fri, May 4, 2012 at 9:42 AM

The Tamarack ski area, which was granted a special exception to operate while the resort remains tangled in bankruptcy, hemorrhaged nearly $300,000 for the season that recently came to a close.

The McCall Star-News reports this morning that the Tamarack Municipal Association reported a $299,300 loss for the 2011-2012 season. Tamarack property owners will now be asked to each pay a special assessment of $1,000 per year to make up the deficit and "to provide a financial cushion for future losses."

But operators said they remained optimistic. The Star-News reports that the ski area saw a 21-percent increase in season-pass and day-ticket sales over the previous season.

"We have already sold 39 percent more season passes for the 2012-2013 season than we sold in total for the 2011-2012 season," marketing manager Wolfe Ashcraft told the Star-News.

  • Pin It

Tags: , ,

Most Shared Stories

© 2017 Boise Weekly

Website powered by Foundation