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Spokane, Washington  Est. May 19, 1883

Eye On Boise

Judge OK’s repossession of two of Tamarack’s ski lifts, neither in use now

Two of Tamarack Resort's chairlifts can be repossessed by Banc of America Leasing, a bankruptcy judge ruled today. The Associated Press reports that U.S. Bankruptcy Judge Terry Myers lifted an automatic stay that protected the two lifts as part of the central Idaho resort's pending bankruptcy case. Neither of the lifts - the Wildwood Express and the Buttercup chairlift - are in use now, during the resort's limited ski season this year. You can see where the two are at the resort on its trail map here.

In court documents, Banc of America Leasing & Capital LLC said Tamarack has made no payments on the two Dopplemayr CTC chairlifts since January of 2009, and the bankrupt resort has no equity in the lifts, whose value the leasing firm estimated at nearly $2 million, less a half-million in removal and transportation costs.  The firm also questioned whether Tamarack is adequately maintaining and insuring the unused lifts. The judge granted the leasing firm's motion orally during a hearing today; you can read the firm's successful motion here.
 



Betsy Z. Russell
Betsy Z. Russell joined The Spokesman-Review in 1991. She currently is a reporter in the Boise Bureau covering Idaho state government and politics, and other news from Idaho's state capital.

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