Big Sky, Montana resorts, Moonlight Basin Ranch and The Yellowstone Club struggling to pay the bills
Reader Comments
| September 26, 2008 |  View for printing |
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/art ... onlight.txt 
Reader Comments:
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Everything that goes up must at some point come down. This seems to be the case with Moonlight. It is one of the most well thought out visionary projects in the country and looks to have a fantastic future as long as it can weather the storm. It is a first class resort with a very bright future and if I wasn't experiencing similar problems caused by the current fall out I would be investing in Moonlight myself.the visionary behind Moonlight, Lee Poole has done a brilliant job laying the foundation of what will probably eventually become the premier ski resort in the north western united sates. |
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