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Exclusive Yellowstone Club files for bankruptcy

Last updated: 2008-11-10

Exclusive Yellowstone Club files for bankruptcy
2008-11-10

Category
Resorts
Nations
U.S.
States
Montana
Category
Regions
People
Dan Quayle
Bill Gates
Company
Microsoft
Source
(AP)

BILLINGS, Mont. - A spokesman for the Yellowstone Club says the exclusive resort for the super-rich has filed for bankruptcy after failing to secure financing for an expansion.
The members-only club in Montana's Gallatin Mountains boasts a private ski hill and golf course and counts former Vice President Dan Quayle and Microsoft co-founder Bill Gates among its members.
Spokesman Bill Keegan says the club filed for Chapter 11 protection in federal bankruptcy court on Monday -- just two months after announcing an ambitious expansion plan.
The club recently endured the divorce of its founders, Tim and Edra Blixseth, and a $39.5 million settlement in a lawsuit brought by club member and cycling superstar Greg LeMond.

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