Blackcombe being sued by BC Government

[Mike]

Blackcomb Skiing Enterprises is being sued by the B.C. government to recover the health care costs of a snowboarder injured 2 years ago while skiing at the resort.

Amanda Yan was snowboarding on the Crystal Road run, when her snowboard caught an edge, causing her to slide down a steep embankment and over a cliff. She suffered a mild traumatic brain injury, dislocated two vertebrae and fractured three other vertebrae, fractured her right thigh bone, a wrist bone in her right hand, and suffered injuries to a lung and left kidney, the plaintiff claims.

BC province claims the Blackcombe was negligent in failing to erect a barrier that would have prevented Yan from going down the snow bank and over the cliff, and failed to erect a sign warning users of a sharp drop-off and cliff. :icon_giveup:

http://www.vancouversun.com/news/Government+sues+Blackcomb+over+crash/3589114/story.html#ixzz10pqbB1Ji

[Yogi]

Whistler Blackcombe's owner, Intrawest, is still in debt. Do they have money to pay? :bill:

[stillskiing]

Last time I heard, Intrawest is for sale......Parent company Fortress is either selling it or turn public

[Mike]

Last time I heard Intrawest is for sale......Parent company Fortress is either selling it or turn public

Whistler Blackcomb ski resort is going public to raise money to pay for some of its debt.

Whistler Blackcomb Holdings Inc. has been formed to complete the initial public offering, but the company has not said how many shares will be issued or how much it hoped to raise in the offering.

http://www.montrealgazette.com/business/resort+going+public/3669531/story.html

http://www.bloomberg.com/news/2010-10-12/whistler-2010-olympic-ski-resort-plans-to-sell-shares-in-canadian-ipo.html

[Mike]

Last time I heard, Intrawest is for sale......Parent company Fortress is either selling it or turn public

News reports surfacing today indicated that investor skittishness is forcing Fortress Investments to lower its share prices for Whistler Blackcomb's initial public offering.

Intrawest LLC, the holding company owned by New York-based Fortress, formed Whistler Blackcomb Holdings Inc. to complete the IPO. According to Reuters, the company is scaling back the price of its IPO shares from between C$14 and C$15 per share with an indicated yield of between 7.5 and 7.8 percent, to C$12.50 and C$13 each with a yield of 6.5 to 7 percent.

Fortress remains optimistic that an initial public offering of shares in its flagship Whistler Blackcomb ski resort in British Columbia will solve Intrawest's financial woes after efforts to sell the resort outright failed. Fortress has been strapped for cash since acquiring Intrawest in 2006 for C$2.8 billion. Creditors threatened high-profile foreclosure proceedings on Whistler Blackcomb right in the midst of the Olympics last February.