Jack Bistricer

A sheriff's sale Tuesday morning on Talisker property in Summit County wound up looking like a re-run. Like the sale last month in Wasatch County, there was only one bid. A representatives for Wells Fargo, the bank foreclosing on the property, make an offer for $35 million. Rick Brough has more.

Sheriff's Sales have been scheduled, in both Summit and Wasatch counties, when Wells Fargo Bank will foreclose on the properties of ten companies related to Talisker and Canadian businessman Jack Bistricer. The sales are scheduled on separate dates, but within the month. More than 2100 acres of land will be put up for bid in both counties. Rick Brough has more.

Wells Fargo Bank, which has sued nearly a dozen companies affiliated with Talisker, is asking Third District Court to schedule a hearing as soon as possible, to appoint a receiver who will take over the Tuhaye Golf Development and other collateral pledged by the defendants.  The bank has nominated a California real-estate consultant to carry out a foreclosure of the properties, since the defendants have allegedly defaulted on a debt of nearly $164 million.

In the ongoing legal war between ski areas, Talisker Land Holdings has won a skirmish.
Third District Court Judge Ryan Harris turned down a request from the Park City Mountain Resort, and ruled that a letter from Talisker executive Jack Bistricer, currently sealed in the court record, should not be disclosed.
The judge said the letter was part of confidential settlement discussions between the two sides. Rick Brough has more.