{"id":12702,"date":"2009-12-23T04:46:30","date_gmt":"2009-12-23T12:46:30","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=12702"},"modified":"2009-12-23T07:46:49","modified_gmt":"2009-12-23T15:46:49","slug":"intrawest-owes-524-million-today","status":"publish","type":"post","link":"http:\/\/www.boardistan.com\/?p=12702","title":{"rendered":"Intrawest Owes $524 Million Today"},"content":{"rendered":"<p><a href=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2009\/08\/intrawest.jpg\" onclick=\"window.open('http:\/\/www.boardistan.com\/wp-content\/uploads\/2009\/08\/intrawest.jpg','popup','width=103,height=46,scrollbars=no,resizable=yes,toolbar=no,directories=no,location=no,menubar=no,status=yes,left=0,top=0');return false\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2009\/12\/intrawest-tm.jpg\" height=\"44\" width=\"100\" border=\"1\" align=\"right\" hspace=\"4\" vspace=\"4\" alt=\"Intrawest\" \/><\/a>December 23, 2009 is a big day for <strong><a href=\"http:\/\/www.whistlerblackcomb.com\/\" target=\"_blank\">Whistler-Blackcomb Resort<\/a><\/strong> owning <strong><a href=\"http:\/\/www.intrawest.com\/\" target=\"_blank\">Intrawest ULC<\/a><\/strong> and its parent <strong><a href=\"http:\/\/www.fortress.com\/\">Fortress Investment Group LLC<\/a><\/strong>. A reported $524 million payment on a $1.4 billion loan is due, according to a story in <strong><em><a href=\"http:\/\/www.businessweek.com\/news\/2009-12-23\/fortress-s-intrawest-said-to-be-in-talks-on-buyout-loan-payment.html\" target=\"_blank\">Businessweek<\/a><\/em><\/strong>. And they may not be able to make the payment.<\/p>\n<blockquote><p>Intrawest, which owns venues being used at the 2010 Winter Olympics, may be pushed nearer to default if it fails to make the $524 million payment after getting a 60-day extension on Oct. 23, according to the people, who asked not to identified because the loan terms are private.<\/p><\/blockquote>\n<p>But not to worry, <strong>Dave Cobb<\/strong>, deputy chief executive officer for the <strong><a href=\"http:\/\/www.vancouver2010.com\/\" target=\"_blank\">Vancouver Organizing Committee for the 2010 Winter Olympic Games<\/a><\/strong> says everything is fine. \u201cOur venues are finished, preparations are nearly complete and we look forward to welcoming the world to Vancouver.\u201d<\/p>\n<p>Maybe Intrawest owner  <strong><a href=\"http:\/\/www.fortress.com\/\" target=\"_blank\">Fortress Investment Group LLC<\/a><\/strong> should just put tip jars all around during the Olympics and ask visitors to pitch in. That might help.<\/p>\n<p><strong>[Link: <\/strong><strong><a href=\"http:\/\/www.businessweek.com\/news\/2009-12-23\/fortress-s-intrawest-said-to-be-in-talks-on-buyout-loan-payment.html\" target=\"_blank\">Businessweek]<\/a><\/strong><strong><br \/>\n<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>December 23, 2009 is a big day for Whistler-Blackcomb Resort owning Intrawest ULC and its parent Fortress Investment Group LLC. A reported $524 million payment on a $1.4 billion loan is due, according to a story in Businessweek. And they may not be able to make the payment. Intrawest, which owns venues being used at [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[14,12],"tags":[],"_links":{"self":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/12702"}],"collection":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12702"}],"version-history":[{"count":4,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/12702\/revisions"}],"predecessor-version":[{"id":12706,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/12702\/revisions\/12706"}],"wp:attachment":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12702"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}