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Idaho’s Tamarack owners file for bankruptcy

February 20, 2008 /

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The majority owners of Tamarack Resort have filed for bankruptcy to avoid foreclosure by Credit Suisse, which is owed more than $262 million from loans the resort took out for construction.

Tamarack CEO Jean-Pierre Boespflug said Tuesday that they had to file to protect ownership of the ski and golf resort near Donnelly after a new $118 million loan fell through because of recent banking scandals in France.

BY KEN DEY – [email protected]

Full Story: http://www.idahostatesman.com/business/story/300667.html

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