The palatial mansion that Target rented as Shaun White’s homebase for the X Games 13 at Buttermilk is on its way to foreclosure according to a story in the Aspen Daily News.
A notice of election and demand — a document that starts a foreclosure proceeding in Colorado — was filed on the property Dec. 22. The 14,000-square-foot palace that Target Corp. rented out for its extreme athletes is set to be auctioned off on the steps of the Pitkin County Courthouse on April 29 unless the $4.6 million note securing the property is satisfied.
The “Target House” was a spec house that was reportedly finished last fall and “was listed for $26 million but was recently marked down to $19.5 million,” the paper said. Ah, the X Games glamor fades so quickly, doesn’t it?
[Link: Aspen Daily News]
