The long process of foreclosure, which began in 2008, continues at Tamarack, but signs are pointing to a possible completion by years end. Credit Suisse, who still holds ownership of much of the resort, has not yet schedule the sale of their assets, but David Papiez, the controller and asset manager for Tamarack, is optimistic the sale will happen soon.
The question still remains of who will buy the resort, and what direction the new owner will take the property. But with a possible sale offering coming soon, signs of life continue for the resort.
We will continue to watch this process unfold with anticipation.