Idaho News
Tamarack manager vows to have ski hill open in Dec.
09:46 PM MDT on Friday, October 24, 2008
BOISE -- The head of the company that's stepped in to manage Tamarack Resort as the central Idaho vacation destination's bankers and owners fight over its future said Friday his goal is to preserve the value of the assets and make sure ski lifts are running on schedule by Dec. 12.
Douglas Wilson, of San Diego-based receiver Douglas Wilson Cos., says "We come in as crisis managers, in a very user-friendly way, to take over control of the operations until there is a resolution of the underlying litigation."
As part of its foreclosure lawsuit, Zurich-based bank Credit Suisse had demanded Wilson step in to run Tamarack after the resort located 90 miles north of Boise defaulted on a syndicated loan on which it now owes more than $273 million.
Meanwhile, Jean-Pierre Boespflug, Tamarack's chief executive officer and main promoter for nearly a decade, has been relegated to a small modular building on resort grounds as he still seeks to find new investors.
A judge has said Boespflug can stay there -- as long as he doesn't meddle with Wilson's efforts to run the place.


