Private Big Sky club releases its employees, tells member opening again is ‘uncertain’
Explorebigsky.com Editorial Staff
In a letter this morning to its members and employees, the Club at Spanish Peaks in Big Sky announced it would end its operations indefinitely.
It told members that “effective today, Club operations have been suspended and the staff has been released.”
The letter alluded to the possibility of filing for bankruptcy, similar to the fate resigned by the Yellowstone Club under ownership of Tim Blixseth in 2008.
“Despite the hundreds of investor calls and visits, and prolonged negotiations, an option other than shutting down operations has not presented itself.”
The letter cited the economic downturn of 2008, along with “inherited senior debt” from March 2010, as driving reasons for the closure.
Snow removal and basic security patrols will continue through the Spanish Peaks Owners Association.
Check back tomorrow afternoon for an abridged version of this story.