KSL news is reporting that Wolf Creek Resort will be sold at auction June 1st. The auction will have two phases. First, the entire resort, complete with golf course, ski resort, building lots and more will be auctioned as one unit. Then, a second auction will be held and each portion will be auctioned individually. In the end, whichever option brings in the most cash wins.
Here is the KSL Story.
Who's ready to start the bidding?
3 comments:
One correction- the entire resort is sold as a whole first. IF IT DOES NOT SELL in Phase 1 THEN it moves to phase 2 ad is sold off by collateralized pieces. The KSL story was a little confusing on that point.
one would expect the buyers of PM to be there eh?
changes are a coming
Looks like that happened.
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