May 6, 2011
Trailhead Lodge LLC was the subject of foreclosure filing Thursday. The group owes Bank of America primarily, $41.7 million of the original $57.36 million.
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Unpaid debt tops $41.7M for development near ski area
The office of the Routt County Public Trustee has confirmed that Bank of America has filed foreclosure proceedings on Trailhead Lodge, a luxury condominium project near the base of Steamboat Ski Area. The action affects the remaining 57 unsold luxury condominiums in Trailhead Lodge.