Killion
Registered User
- Feb 19, 2010
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More on FIG and Vancover (Whistler)...
Yes despite the denials by VANOC, the organizers of 2010 Games, there actually was grave concern for some time that Fortress/Intrawest might get shutdown by their lenders with liens on the mountains, lifts, buildings, the whole shebang. Dunno how they managed to mess up so badly after buying out the former principals & shareholders who had built Intrawest up from the 80's starting with Blackcomb next to Whistler, but mess up people did. Seriously over-extended themselves in the leveraged buyout. Acquiring other areas as well, Tremblant north of Montreal included which had & was still undergoing major development. Whistler the number one ski resort destination in the world. Like MLSE is to the NHL. Crazy.
In hindsight, maybe the best deal he never made? Add it all up and that's one heck of a lot of money at the same time that his investment in RIM would have fallen in value.
I dont know Mork. It may have been "the best deal he ever made", fortuitous, as he'd have used his own personal wealth, divesting even further his shares in RIM prior to their massive fall, so he'd have had that asset (team & building) well in-hand, conceivably a hands on owner-operator of the old school ilk like Ballard. Maybe emulated Gordon Pinsent as Duff McCardle, owner of the Hamilton Steelheads from the 98-00 tv show Power Play. Moved in to Copps. Real nice Loft up in the rafters for the wife & kids. Sold the ranch in Waterloo.