Valley County, Idaho has seized Tamarack’s two remaining high speed chairlifts and plans to auction them on October 17th over nonpayment of taxes. Tamarack Resort owes the county $4.7 million in back taxes and the auction is for assets on which hundreds of thousands of dollars are more than three years past due. The auction includes 24 lots that will be sold to the highest bidder including two Leitner-Poma high speed quads that are located on state land. Other items include a zip line, mid-mountain lodge and assets related the Osprey Meadows golf course.
Tamarack built six Leitner-Poma and Doppelmayr CTEC lifts in 2004 and 2005 before filing for bankruptcy in 2008. Bank of America re-possessed two Doppelmayr lifts in 2011 after Tamarack missed numerous lease payments. The Tamarack Municipal Association purchased the Buttercup quad from the bank for $400,000 but determined it could not afford to buy and maintain the Wildwood Express detachable quad. Bank of America Leasing wanted more than $2 million for that lift and instead sold it to Brian Head where it debuted as the Giant Steps Express in 2014.
Now Tamarack’s last two major lifts are facing a similar fate. The Tamarack Homeowners’ Association and owner New Tamarack Acquisitions Corporation say they are working with the county to avoid the sales and open the ski resort seven days a week this winter. General Manager Brad Larsen told KTVB, “I don’t think the owner’s association is going to let [the auction] happen. They’re going to work with the county to make sure that we’ve got all the assets to operate.” A Doppelmayr CTEC beginner chairlift named Discovery and Leitner-Poma platter called Rock Creek don’t appear to be on the auction block.
The sale is scheduled for Monday, October 17th at 1:00 pm with no reserves for the items. The two lifts cost nearly $6 million new from Leitner-Poma in 2004.