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Mount Baldy ski resort assets for sale in court-approved foreclosure
The assets of Mount Baldy Ski Resort are up for sale under a court-approved foreclosure action.
G-Force Real Estate Inc. of Vancouver has been appointed marketing agent for a secured creditor who has received conduct of sale from the Supreme Court of British Columbia.
“The primary objective of the marketing agent is to find a buyer who will be able to complete an acquisition in time to operate the resort for the upcoming 2014-15 ski season,” G-Force Group said in a news release issued Monday.
The ski resort, located about 35 km east of Oliver and north of Bridesville, was closed over the 2013-14 season because its owners ran into financial difficulty.
The court order allows G-Force to sell most of the assets of Mount Baldy Ski Corporation and related companies.
The assets include four development lots totaling 44.02 acres of which 22 acres are more than 90 per cent completed; personal property including ski lift equipment; materials contracts including the master plan and development agreement with the province entitling Mount Baldy to develop the resort.
The resort’s base elevation of nearly 5,700 feet is one of the highest in the area and the resort offers more sunshine and the lightest powder of any ski resort in the Okanagan, G-Force said.
“The resort offers a purchaser significant opportunities for recreation and real estate development,” the G-Force news release stated.
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