Wed 16 Apr 2008
Tamarack signifies
by Randy StapilusFinancial shifts, and even reversals, sometimes can hold more than one interpretation. Shifts in funding streams and debt repayment can just relate to changes in business conditions; even bankruptcy can simply be a tool used toward rebuilding a troubled business into a sounder one (which happened at one point with the business that used to be Morrison-Knudsen at Boise). So we’ve held off saying much, not being pricy to the inner workings.
The news today that Tamarack Resort is shutting down its Boise operations - substantial, since about 20 employees are directly affected - is another matter. We’re seeing here an unambiguous indicator of serious trouble.
For more on the developing attitudes, check out the Idaho Statesman’s comment section on this.
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