You all know the first ski resort I expected to go bankrupt was the Fortress-owned Intrawest property, and I chronicled that one here pretty extensively. So, surprise this morning when I wake up and I see that Yellowstone has filed Chapter 11:
In a filing made in federal bankruptcy court in Montana on Monday, Yellowstone Mountain Club LLC filed for Chapter 11 bankruptcy protection, listing assets and liabilities in the range of $100 million to $500 million.
The filing was signed by owner and developer Edra Blixseth, who started the business in 2000 along with former husband Tim Blixseth.
The company, which plans to carry on doing business, asked for an expedited hearing so it can secure financing.
The “plans to carry on doing business” part makes it pretty uninteresting to me, because mostly I just want to see one go into liquidation so I can send some joke proposal where I try to acquire it for about $23.81 and assorted lint collateral I picked out of the cushions of my couch, like we did with Washington Mutual. (Lloyd Blankfein never responded to LoLo, Esq. Hate you, Lloyd.)
Then I remembered, hey, Edra Blixseth just took possession of this property on AUGUST 15TH, 2008. (Edra won control of it in her divorce from timber magnate Tim Blixeth.) So, Edra, let me talk to you woman to woman here. Either you ran this thing into the ground in three months – or Tim pulled the wool over your eyes like whoa. If the books looked this bad when Tim talked you into buying out his share of Yellowstone, either you or your lawyers – probably, both – are functionally illiterate. If not, maybe you diverted all the operating cash to Botox, or maybe Bill Gates refused to pay his membership dues to a girl, I don’t know, but no matter. Edra, this is an embarrassment, and you know Timmay is laughing over some fine Scotch somewhere, thinking that it only took a woman three months to run his resort into the ground.
invasive // Nov 12, 2008 at 10:27 am
Perhaps Edra Blixseth could sponser some giant skiing competition to save the resort! It would be like a bad 80s ski comedy.
alyx // Nov 12, 2008 at 11:08 am
“Hot Dog 2, Blixeth Boogaloo” has a nice ring to it.
Lolo, ESQ // Nov 12, 2008 at 11:21 am
OH the IRONY of hipsters with douchebag names on PBR skis on the slopes of Chapter 11 slopes this winter.
alyx // Nov 12, 2008 at 11:23 am
LoLo, did you write your beer, sex and bacon letter to Skiing Magazine yet?
Lolo, ESQ // Nov 12, 2008 at 11:39 am
no because skiing magazine circulation is not near a wide enough audience for my manifesto.
oh and print media is dead.
alyx // Nov 12, 2008 at 11:47 am
dude, I know you’d rather post it to the confessional but ain’t nobody gonna give you PBR skis for posting it there
Lolo, ESQ // Nov 12, 2008 at 11:49 am
they will give me (((((((((((cash)))))))))
CB // Nov 12, 2008 at 12:55 pm
i wonder if Tinsley can ski with crossed legs
alyx // Nov 12, 2008 at 1:11 pm
w/ the whole socialite thing, I am gonna guess Tinz has access to snow whether her legs are crossed or not
Lolo, ESQ // Nov 12, 2008 at 1:38 pm
INFORMMMMMMMMMMMMMMER!
alyx // Nov 12, 2008 at 2:33 pm
Lolo, that is worthless without video
jesse // Nov 12, 2008 at 3:44 pm
me snow me
Tdot
Tony // Nov 12, 2008 at 4:46 pm
“He talks faster than I can hear…”
Schadenfreude Central « The Hedonistic Pleasureseeker // Nov 23, 2008 at 5:27 pm
[...] twist to all this mess: The owner of this property just won it in a bitter divorce dispute. Alyx at LOLFed says it [...]
samrc51 // Nov 26, 2008 at 11:39 am
I am from the same town in Oregon as edra and timmy they were con artists then and they are still con artists now
Roseburg65 // Aug 16, 2009 at 6:47 am
I also am from the same town in Oregon as edra and timmy – she was a breakfast waitress and he was just a con man that he can never go back. He is bigger than Maddoff ever thought about being. Truly the con for both the 2oth & 21 century. A logger baron and sold log cabins and sang “Coyotye Ugly” Bot in botox for wifey.
Rancho Mirage Neighbor // Nov 17, 2010 at 12:51 am
Hey, does Edra still own the actor Jack Scabbia?… I meant Jack Scalia? Maybe was he just a “prop” on loan? Either way, she can’t afford “celeb” hangerons any more… including Mary Bonehead Mack… I meant Bono Mack…