Spanish Peaks closes, employees laid off

Spanish Peaks http://www.spanish-peaks.com , a 5,700-acre private ski and golf community in Big Sky, closed and laid off its staff Monday, citing a troubled real estate market and substantial operating losses.

"As it stands today, the future of the Club is undetermined," a letter addressed to members said. "It is likely Spanish Peaks will remain closed for the foreseeable future."

CARLY FLANDRO, Chronicle Staff Writer

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