Tamarack sale canceled

FOR THE STAR-NEWS (MCCALL)November 12, 2013 

Credit Suisse called off a sheriff’s sale involving millions of dollars in undeveloped land, ski infrastructure and some finished cottages at Tamarack Resort.

The Zurich-based consortium dropped the Oct. 24 sale at the Valley County Courthouse without explanation. No new date has been set. “It was canceled; we’ll start that process over again,” Sheriff Patti Bolen says.

The sale would have included the balance of the resort not previously sold to private owners or the lien claimants in the other sales. The parcels include land to the south of existing development, which developers call the Heritage Project, and numerous other buildings.

Previous sheriff’s sales included the Village Plaza, which former general contractor Banner/Sabey obtained with a $13.4 million credit bid; and the site of a proposed Fairmont Hotel and 50 mid-mountain residences, which went to BAG Property Holding LLC, including tennis stars Andre Agassi and Stefanie Graf, from a $2 million credit bid.

Idaho Statesman is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service