High: 74º Low: 51º
High: 83º Low: 52º
High; 72º Low: 46º
After bankruptcy, Tamarack asks ID bond bank to delay sewer loan
BOISE, Idaho (AP) _ The bankruptcy filing of Tamarack Resort's
majority owners is having an impact on projects needed for the
central Idaho ski and golf getaway to expand.
The resort this week asked the Idaho Municipal Bond Bank to
temporarily shelve a loan it had requested to help finance new
water and sewer lines meant to serve still-undeveloped lots.
Tamarack had pledged its property as security for the $42
million loan, which has since been cut to $18 million.
Scott Turlington, a Tamarack lobbyist, says the only connection
between the bankruptcy filing and loan delay is perception.
Still, resort owners Alfredo Miguel Afif and Jean Pierre
Boespflug want time to resolve financial problems before proceeding
with the sewer project.
(Copyright 2008 by The Associated Press. All Rights Reserved.)