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Judge orders Bitterroot Resort sold for $23M to repay debts

August 18, 2011 /

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The historic Maclay Ranch in Lolo, once set for a controversial transformation into a high-end ski resort, will meet its end at a sheriff’s sale to settle a debt of more than $23 million.

Missoula County District Court Judge Ed McLean ordered the foreclosure on behalf of Metropolitan Life Insurance Co. Asset Holdings last month, which holds the mortgages on the 3,000-acre ranch.

By GWEN FLORIO of the Missoulian

Full Story: http://missoulian.com/news/local/article_ad7c4732-c9ec-11e0-a079-001cc4c03286.html

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