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.

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