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.