DONNELLY -- After months of uncertainty over whether the popular ski resort near Donnelly would by parceled up and sold to the highest bidder, management said Thursday the future of Tamarack is secure.
The Tamarack Municipal Association, made up of a group of nearby homeowners, will take over the day-to-day operations of the ski lift after acquiring the resort from New TR Acquisitions Co. LLC (Newtrac.) Newtrac previously owned much of the property at the resort.
The ownership shift comes just in time for Tamarack, which has undergone years of upheaval following bankruptcy in 2008.
The Tamarack Homeowner's Association ran the ski resort between 2012 and 2014. Newtrac took over operations, according to Valley County, but failed to pay hundreds of thousands of dollars in property taxes.
An auction to sell off chair lifts, a zipline and a half-finished lodge was set for Monday.
Those pieces of the resort are no longer in jeopardy, according to Tamarack General Manager Brad Larsen, who says the homeowners paid off the back-taxes as part of the acquisition.
Larsen says the changeover protects the future of Tamarack's ownership and operations.
"This is a very positive development for everyone. This important milestone clears the way for the TMA to work with third party developers and investors to realize the vision of Tamarack and reach its full potential," Larsen said in a release. "This ensures that the people who love the resort the most now also control its future."
Tamarack will begin making snow in November and has set a projected opening date for Friday, Dec. 9.
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