Auction of Intrawest’s Olympics venue delayed, but site still in danger of foreclosure
February 23rd, 2010Auction of Intrawest’s Olympics venue delayed, but site still in danger of foreclosure
Fortress Investment Group LLC may have to contribute at least $150 million to Intrawest ULC, the owner of the Olympics’ alpine skiing venue it bought in 2006, to avert bankruptcy or foreclosure, according to a person with knowledge of the negotiations.
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