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Old 03-27-2008, 09:07 AM
 
Location: Mostly in my head
19,855 posts, read 65,824,181 times
Reputation: 19378

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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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