I’m not feeling sorry for the folks involved but it’s remarkable that so many of these exclusive retreats end badly. The exclusive Yellowstone Club, home to exotic “cabins” of the rich and famous – and licensing a goodly chunk of a fork of the Gallatin, is the latest victim of circumstance.
Wrestled over in a contested divorce, owner Tim Blixseth ceded control to his ex-wife – after taking out a loan on the property of nearly 375 Million dollars.
Now they’re asking Montana for a 5 million dollar bridge loan to meet payroll and keep the premises operational.
They added that it “appears that a large portion of the $375 million loan … was diverted for non-Yellowstone Club purposes. Had the funds been properly used, it is likely that the Debtors (the club) would not find themselves in the position they do today.”
It’s certain I don’t possess all the facts, but in the current climate it appears to be fashionable to raise the “bailout” flag. Considering the $250,000 entrance fee and the $18,000 per year ongoing – I might suggest taking up a collection from the existing 320 members…
Blixseth’s luxe resort–which attracted as members the likes of Bill Gates and former Citigroup (nyse: C – news – people ) Chief Financial Officer Todd Thomson.
As often as not whatever premise imbued the enclave is lost after it’s sold the third or fourth time, the rich flee and the new owner carts in ferris wheels, waterslides, and the press of the vacationing public.
There’s an article surrounding Mr. Blixeth and the creation of the Yellowstone Club at the Wild Rockies Alliance site. I can’t attest to the facts outlined, but it appears the development has a rocky history.

It’s the way of all things.
It all sounds wonderful on paper, but I remain unwilling to alter my idea of fine table fare. Farmed fish is a foregone conclusion, but I don’t think
This alternative energy thing may have gone a bit too far, am I supposed to keep a butane lighter nearby and cremate all the flies I don’t want?
The
Every military entity has it’s elite shock troops – those fellows with polished braid, erect bearing, and starched berets. Sometimes they represent the best in us and sometimes the worst, depending on their leadership…
It’s the senseless exploitation that makes fish hate us, demeaning a noble foe by toeing him into the brush, worse yet, making him lick the feet of his master, that type of brutality is carried down into the gene pool and remembered.
He certainly shows an enterprising bent, but I think he needs to get out more often. Trapped in an urban setting, there’s always some fishing venue that’ll draw less attention to yourself.
Will Salmon retain it’s place of nobility among fishermen if they all have big guts, too much cholesterol, and arses to match?