Promontory update:There is no real news to speak of on the Promontory hearings, as the judge said that she should have a decision on July 3. Supposedly Credit Suisse, the first lien holder, does not want Pivotal, the current developer, to continue developing or operating the club. Hopefully, we will know more on the 3rd [...]
Posts Tagged as ‘pivotal group’
June 7, 2008
Promontory and Glenwild Updates
PROMONTORY:-Not too much to report on the Promontory bankruptcy situation. There is another hearing scheduled in court for the end of June. The lien-holders and Pivotal are trying to work out a plan to move forward. Last that we heard Pivotal and the 2nd lien holder had teamed up, and Credit Suisse was putting together [...]
May 1, 2008
More News On Promontory and the Park City Heights Project
Happy Wednesday! Rob and I used to celebrate ‘Margarita Day’ every Wednesday. But starting last month we have implemented a new weekly celebration, titled ‘Wine Wednesdays’. From now on we plan to try a different and interesting wine every Wednesday. And we’ll be taking notes. Any fabulous finds we may encounter, we’ll be sure to [...]
April 9, 2008
Updates on Big Park City Developments
Yesterday we had terrific snow and today we had delightful sunshine!It’s the second day of another wonderful week in Park City.The news on TV just keeps yammering on and on about the down market and the never ending supply of bad news…..but here in Park City, Utah we have plenty of other interesting topics to [...]
April 4, 2008
So What’s the Deal With Promontory??
So there’s been plenty of talk lately about the Promontory development and what is going to happen with it’s future…..This statement was released from Pivitol Group, the developer of Promontory, on 3/28/08 to its members.
In January, Promontory announced that deteriorating market conditions impacted by the sub prime mortgage crisis led to a default in its [...]
April 3, 2008
So What’s the Deal With Promontory??
So there’s been plenty of talk lately about the Promontory development and what is going to happen with it’s future…..This statement was released from Pivitol Group, the developer of Promontory, on 3/28/08 to its members.
In January, Promontory announced that deteriorating market conditions impacted by the sub prime mortgage crisis led to a default in its [...]
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