Tuesday, February 26, 2008
It seemed like a good idea at the time, eh André?
The effects of the worldwide credit crunch reached a remote part of Idaho this month. Four-year-old Tamarack Resort said construction of its ski village near McCall, Idaho, has ground to a halt after Société Générale pulled the plug on a $118 million loan Tamarack needed to finish the complex of shops and condominiums. Tamarack is the biggest new public ski-and-golf resort built in the United States since Deer Valley, Utah, opened in 1981. Andre Agassi and Steffi Graf, the tennis champions who are husband and wife, gave the resort a lift when they agreed in 2006 to build a Fairmont hotel there.