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Old 03-27-2008, 09:07 AM
 
Location: Mostly in my head
15,943 posts, read 27,871,326 times
Reputation: 11572
Default Promontory Ranch in $ Trouble

According to today's newspaper (sltrib.com), the bank behind the developers of Promontory Ranch (near Park City) have asked the development be put into receivership. The developer supposedly told the bank (Credit Suisse) that they couldn't make payments on loans to them.

I hope no one is looiking to buy there.
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