Credit Suisse and the collapse of the West’s most posh ski and golf resorts
A March 5 article in Bloomberg Markets Magazine paints a picture of wild excess in the high-end mountain resort development game, starting with the recent failure of Tamarack Resort in Idaho, the bankruptcy of the private Yellowstone Club in Montana and ending with Florida’s Bobby Ginn.
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Go anywhere in Rifle within a three-mile radius of downtown and you’ll find a construction project in progress. Because of the oil and gas boom, this town is expected to double in size, from 9,000 residents today to over 20,000…


