Boise, ID – A federal bankruptcy judge on Tuesday rejected a $2 million loan to help owners of Idaho’s beleaguered Tamarack Resort make a $250,000 State Land Lease payment and find a buyer for the shuttered ski area, and in so doing cast new doubt on a homeowner’s association plan to operate the ski lifts four days a week this winter.nMembers of the Tamarack Municipal Association were counting on the loan to the resort to help facilitate their own efforts to offer skiing and riding at Tamarack Thursdays through Sundays this winter, for the first time since the resort closed in March 2009.

U.S. Bankruptcy Court Judge Terry Myers rejected the Credit Suisse-backed loan, saying that the prospects for default were large and would further complicate efforts by creditors to regain their funds if the sale of Tamarack failed to materialize.

Tamarack’s creditors, including Credit Suisse and others, hoped to use the $2 million loan to spruce up the dormant resort and hire a chief restructuring officer to help facilitate its sale.