Anyone got an extra bill(ion) to spare?
According to VitalMTB, the sugardaddys to Mountain Creek and various other Snow/MTB parks around the world may send some of their assets to the auction block.
Deets after the Drop (ha!).
From the sounds of things, creditors holding $1,400,000,000 ($1.4 billion!) of debt on Intrawest are planning to foreclose on the company within the next week and a half. Intrawest currently owns more than a dozen resorts, including Whistler, Winter Park, Panorama, Snowshoe, and Mountain Creek (think Diablo Bike Park). Any number of these resorts may be auctioned off to pay the outstanding debt.
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