Wednesday, January 20, 2010

This just in....
it is reported that the owners of the Steamboat Ski Area Intrawest have missed a huge final payment on its 1.4 billion dollar loan amount that was secured by parent company Fortress to purchase the Steamboat Ski Area back in 2007 from American Skiing Co. for $265 million. Intrawest owns 10 North American Ski areas including Winterpark and the home of the 2010 Winter Olympics Whistler Blackcomb in Vancouver.

To see the full story go to the link provided:


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