Thursday, February 18, 2010

Whistler Blackcomb On the Brink of Foreclosure

There was an interesting piece on yesterday's American Public Media's "Marketplace" show about Whistler Blackcomb, the site of many of Olympic skiing events, is on the brink of foreclosure. Fortress Investments, Whistler's owner, built luxury condos on the resort right before the real estate market tanked. This resulted in Fortress missing a debt payment in December and the possibility of foreclosure could happen as early as Friday. Negotiations are underway to avoid foreclosure but the possibility is still there.

Read the full story here.

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