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Tamarack Resort To Close Wednesday = Victim Of Economic Times

Mar 3, 2009 Jill Adler, Associate Editor

The economics of America have caught up to Idaho's once-promising Tamarack as the resort closes down March 4. Full article

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• by Idahopowderhound Mar 3, 2009
  Tamarack's failure was in motion far prior to the economic downturn. Nice hill but when what will it take to make it operate profitably? It seems they have tried to make it into a Sun Valley quality destination which is doubtfull it could ever be. Hope this closure isn't permanent.
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• by BoardinPA Mar 5, 2009
  Tamarack was awesome! I went there with my wife for out honeymoon and I'm sad to see this place closing because I'd love to go back. I hope someone buys it and develops it like they had planed.
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• by Nandemosan Mar 5, 2009
  Resorts like Tamarack, essentially in the middle of no where, cannot survive in today's economy without selling real estate. Had it begun life about three years earlier, it might have been able to weather then next 18-months of recession. But the start-up costs for a place that large necessitated robust real estate sales.
  
  The sad fact of the matter is that we will see a number of small to mid-sized resorts and ski areas in dire financial shape next season. It's tough to pay the bills with lift tickets and over-priced food.
  
  There are only so many securely rich people to go around. Most of them already have their second or third homes in places like Stowe, Jackson Hole, Telluride, Vail, Aspen or Sun Valley. The rest of the resorts have to fight over the crumbs. The aspirational rich, the mid-level investment bankers, doctors, non-partner lawyers, etc., the people who might decide that a place like Tamarack was an affordable and acceptable alternative to one of the legacy resorts, have or will take a financial hit sufficient enough that medium sized places like Tamarack, Northstar and Schweitzer Basin will suffer for lack of real estate sales this year and next.
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