Interesting article from Jonathan Weber - The Big Money
Not too many years ago, $1 million might have bought you a midrange house on the side of a slope of a midrange Western ski hill.
Today, you could buy an entire ski resort for that price, as long as you have a few bucks left over for [...]
This is breaking news on the Promontory front….see the press release below:
PROMONTORY EMERGES FROM BANKRUPTCY -
SUCCESSFUL BIDDER IS AFFILIATE OF ORIGINAL DEVELOPER
PARK CITY, Utah (April 17, 2009) – The U.S. Bankruptcy Court, District of Utah, today confirmed Pivotal 7000, LLC, an affiliate of Promontory’s original developer, Pivotal Group, as the winner of the recent [...]
Continue reading about Promontory is out of bankruptcy, and Pivital gets the project back!
New West’s update last night was true….see the latest press release from Promontory:
CREDIT SUISSE ELECTS AUCTION PROCESS FOR PROMONTORY
~ Approved U.S. Bankruptcy Court reorganization plan anticipated this option ~
PARK CITY, UTAH, Mar. 20, 2009 – The Promontory chapter 11 case moved another step closer to completion yesterday, as Credit Suisse, the Agent for Promontory’s first lien holders, elected not [...]
Continue reading about Breaking news on the Promontory front….
Before we get into the Promontory update…..here is a little info about what has been going on lately…It snowed like crazy earlier this week, which made for a few epic ski days! Now things are warming up, and we are getting ready for a weekend of bluebird spring skiing!
In the market over the past 10 [...]
Continue reading about Promontory Reorganization Plan Confirmed by Bankruptcy Court
