In a previous post, There Goes the Neighborhood, I wondered about the future of the Yellowstone Club now that economic sanity is being valued even by people with enough money to live frivolously indefinitely. Has all the bad PR and gloating by critics and schadenfreudenistas permanently branded the YC as a new kind of toxic [...]
The court battle for the ownership of the Yellowstone Club reached its denouement today and Sam Byrne and his Cross Harbor crew emerged as the victors according to New West’s report in the court’s decision. Like many skier observers, I’ve been watching this imbroglio with bemusement, not really caring much about who would be pronounced [...]
Important update- please read the update I just placed at the end of this post. It seems the Carradan Ski company may be less than it appears to be.
I first read about Carradan Skis last year, rolled my eyes at skis with price tags beyond $10,000.00, and went on about my business enjoying the magical [...]
Robert Frank is reporting that Donald Trump is considering bidding on the Yellowstone Club next month, butTrump claims to be skeptical about the viability of the whole concept of the club. According to Frank, the Donald is worried because the business of a private golf and ski resort, sustained by land sales and service profits, [...]
Reading about the latest strange turn of events in the ongoing Yellowstone Club imbroglio, (Warrant Issued for Arrest of Edra Blixeth) brings to mind Honore de Balzac’s famous line, “Behind every great fortune lies a great crime.”
It appears the schadenfruedenists amongst us will be in for many more months (or years?) of joy as the [...]
I’ve been critical of the concept of the Yellowstone Club and other high end real estate developments. I stand by my criticism of their excesses and the ripple effect of escalating nearby property values that prices average income people out of communities at or near ski areas.
Tonight I learned, through a Yellowstone Club member, of [...]
New West just put up a guest commentary by Warren Miller which he titled “Economic Stratification and the Yellowstone Club”. As Director of Skiing there he probably felt a need to offer up a sympathetic view of the YC in light of all the embarrassing publicity it has gotten since since the club’s financial [...]
Quite a bit of ink has been spilt this week covering and commenting upon the bankruptcy filing of the Yellowstone Club. There is definitely some “rich” irony at work when some of the world’s richest people watch as their pricey private club falls victim to greed, mismanagement and collateral damage from the bigger financial crisis; [...]
