(Source: Globe and Mail)
Now the Rosseau is up for sale, having been pushed into receivership. The resort was put on the auction block Wednesday with no minimum price. Initial bids are due by Jan. 22.
The cost to complete the 221-room resort – including about $15-million lenders provided to finish the facility after it was pushed into receivership – was estimated at $170-million, and construction was completed last summer.
Read Steve Ladurantaye’s full article “Vacation resorts abandon grand plans” in the Globe and Mail (January 13, 2010).