Thursday, February 5, 2009

You know the economy is bad, when.....

an ultra rich resort for the fabulous rich and famous, goes BANKRUPT!!!!!

No shyte!!!

A Montana resort that counts Bill Gates among its members has filed for bankruptcy protection — and could be sold to a Boston firm for millions of dollars.

The exclusive Yellowstone Club would be sold for $100 million to an affiliate of CrossHarbor Capital Partners, under a deal outlined in bankruptcy court documents.

The Yellowstone Club for the ultrarich had only been partially developed when it fell more than $400 million in debt last year. The nearly 14,000-acre club near Yellowstone National Park has 340 members, including Dan Quayle and Gates.

Playground for the rich, famous and exclusive up in bankruptcy court. Ummm, does this mean the good times are not continuing to roll for them??


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