The news that Intrawest’s vast ski area holdings will soon be sold in bankruptcy comes as no surprise. Its business plan was based on turning the skiing industry into a generic experience that could be attained anywhere in the world that it operated.
Like so many of its brethren in the real estate exploitation game, it offered nothing of value. Now that its powerful façade has crumbled into nothingness we can easily see it for what it was. Wish I could say I felt bad for it.
http://www.snowmasssun.com/article/20100127/OPINION/100129990/0/FRONTPAGE
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