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Big Sky, Montana resorts, Moonlight Basin Ranch and The Yellowstone Club struggling to pay the bills

September 26, 2008 /

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As Wall Street flounders and bankers hide the checkbooks, Big Sky resorts are struggling to pay the bills.

Construction at Moonlight Basin Ranch http://www.moonlightbasin.com/site/index.html, a sprawling 8,000-acre resort community overlooking the Tobacco Root Mountains, is stalled after its lender, Lehman Brothers, filed for bankruptcy Sept. 15, leaving Moonlight without a line of credit.

“The Lehman Brothers Chapter 11 filing has affected Moonlight Basin’s business, as it has impacted many businesses across the country,” Moonlight Basin CEO Lee Poole said in a written statement.

The Yellowstone Club http://www.theyellowstoneclub.com/

By JESSICA MAYRER Chronicle staff writer

Full Story: http://bozemandailychronicle.com/articles/2008/09/26/news/10moonlight.txt

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