In Lassen County: Sierra's
Published on Apr 2, 2008
"Now that the threat of development is lifted, we look forward to working to secure permanent protection for
Dyer Mountain Associates (DMA) began pursuing development on remote
Developers had promised ski operations by November 2007, but the project mired in deepening legal and financial turmoil; DMA was subject to at least five lawsuits and two scathing court orders. In May 2007, for example, San Francisco Superior Court assigned a majority stake in DMA to a court appointed receiver, stating that DMA "...is in default of outstanding loans to creditors, payroll, rent and other financial obligations."
DMA continued to push its project through the planning process, and, in September of 2007,
In January 2008, creditors foreclosed on the property itself. With last week's bankruptcy filing, DMA seeks to suspend foreclosure and gain protection from remaining debt, including nearly $200,000 in back taxes owed to
In the months ahead, conservationists will seek an opportunity to bring all parties to the table to seek a conservation resolution for
The Mountain Meadows Conservancy's mission is to conserve and enhance the natural beauty and environmental health of the Mountain Meadows watershed; protect its significant Mountain Maidu burial and cultural sites; and provide recreation and public access for generations to come. For more information, visit www.mtmeadows.org.
Sierra Watch defends the incomparable natural resources and unparalleled quality of life in the
Apr 2, 2008
The biggest development proposal in the Sierras has been put on hold after owners filed bankruptcy in a Federal Bankruptcy Court in
Dyer Mountain Associates filed for Chapter 11 bankruptcy protection on March 27 after pursuing development for ten years in a remote area of
Plans for the four season mountain resort included 4,000 homes, three golf courses and a ski resort on 7,000 acres of forest lands. The site is considered sacred by the Honey Lake Maidu.
In 2000, 62 percent of
In recent times the project has become mired in financial troubles with lawsuits stemming from defaulted loans and mismanaged funds.
Despite the problems,
Mountain Meadows Conservancy, Sierra Watch and Sierra Club petitioned Lassen County Superior Court to overturn the county’s approval, contending the proposed development was illegal.
In January, creditors foreclosed on the property.
Ski resort files for bankruptcy
The owners of a Sierra Nevada mountainside who planned to build California's first major ski operation in three decades have filed for Chapter 11 bankruptcy protection, prompting environmentalists to renew calls to stop the controversial project.
A representative of Dyer Mountain Associates said the company still intends to pursue its proposal to turn nearly 7,000 acres abutting Walker Lake in
Merle Meyers, the owners' attorney, said they filed for bankruptcy protection to avoid foreclosure on the property while seeking new loans or investors. "There is no intention of going out of business," he said. "It is still a great project and needs great capital."
Among the debts listed is nearly $200,000 in back taxes owed to
The project has been slowed by financial and legal troubles and infighting. County voters approved a more modest plan in 2000. But the plan grew, along with criticism from environmentalists and others who feared it would harm the area's quality of life, traffic, air, water and wildlife.
"We hope this [bankruptcy filing] takes the development proposal off the table," said Tom Mooers of Sierra Watch. "The project does not pencil out economically, environmentally or from any other standpoint."
The developer’s website: