|
|
Article: AP NewsBreak: Litigation, dour market prompt Agassi, Graf to terminate Tamarack deal
- Article from:
- AP Worldstream
- Article date:
- July 22, 2008
- Author:
CopyrightCopyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. (Hide copyright information)
|
Star tennis couple Andre Agassi and Steffi Graf and some other investors have terminated a contract to buy property at central Idaho's Tamarack Resort for a proposed luxury hotel, citing unresolved litigation and current market conditions.
Agassi and Graf, who are married, had been among investors planning to build a 300-unit hotel at the resort in Donnelly, located 100 miles (160 kilometers) north of Idaho's capital. Fairmont Hotels and Resorts, based in Toronto, was slated to manage the project.
The departure of their marquee names is the latest dour news for this once high-flying ski, golf and lakefront destination, where President George W. Bush vacationed in 2005. It ...