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The Bitterroot Resort offered for sale for $22.5 Million
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Tom Maclay bet on a project to develop his family ranch into a ski resort–and lost. http://www.bitterrootresort.us/ Now the ranch is on the market for $22.5 million. http://hallhall.com/ranches-for-sale/properties/bitterroot-valley-ranch
The ranch is being sold by Mr. Maclay’s lender, MLIC Asset Holdings, part of the insurance company MetLife. Located in the Bitterroot Valley outside Missoula, the 2,660-acre property has a working cattle operation, but it is a "kind of a different animal" from most ranches, said listing agent Bill McDavid of Hall and Hall.
"It’s got the ski runs–we don’t see that every day," he added. Met Life declined to comment.
Candace Taylor
Full Story: http://online.wsj.com/news/articles/SB10001424052702304475004579276430970182074
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