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Courtesy of FlickrThe Whistler Blackcomb ski resort, host of the Vancouver Winter Olympics, February 12 to 28, will be up for public auction on February 19, the CBC reports. Bidders can vie for a membership interest in Intrawest Holdings, replica rolex President 18k Gold watches Whistlers owner, which also owns Squaw Valley in California and Steamboat and Winter Park in Colorado, among other resorts.Intrawests owner, the Wall Street hedge fund Fortress Investments LLC,missed a $524million payment on the loan that it used to buy Intrawestin 2006.
The loans primary lender is the bankrupt Lehman Brothers investment bank. Lehman owes a debt of about $1 trillion, so it has an replica rolex President White Gold watches incentive to raise funds by selling assets, the New York Post reports. It seems Whistler will still host the Vancouver Winter Olympics, though, despite reports of Olympic officials threatening to pull back the $50 million they put up to support Whistler through the Games. VANOCs President Dan Doyle said: We understandably cannot comment on Intrawests finances beyond ourcontinued support for their efforts to settle outstanding financialmatters.
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