Donnelly, Idaho – A lender to Idaho’s failed Tamarack Resort has been cleared to pursue a sheriff’s sale of the ski area’s assets.

Credit Suisse Group, to which Tamarack’s owners owe roughly $300 million, could pursue the sale now that a federal judge on Friday refused to grant the request of a rival creditor, Teufel Nursery of Oregon, to block their foreclosure case. Other creditors including Teufel have millions more in outstanding claims against the resort.

Despite recent developments, the Tamarack Municipal Association, which has operated the ski area on a limited basis in recent years, has indicated that it will continue with its plans for skiing and snowboarding at the resort this winter. The homeowners’ group reportedly lost $300,000 operating the facilities last winter.

Tamarack Resort opened in 2004 to much fanfare as the first ski and snowboard resort built from the ground up in the U.S. in many years. After an initial building boom property sales fell flat. Andre Agassi and Steffi Graf pulled out of a luxury hotel project when market conditions declined, and two banks foreclosed on an employee housing project and conference center at the resort. The base village remains largely incomplete. In 2008 the resort defaulted on a $250 million construction loan and was placed into receivership. Its majority owner Jean-Pierre Boespflug, a French native, has since disappeared and his whereabouts are unknown.

If pursued by Credit Suisse, the sheriff’s sale of ski lifts, the resort’s golf course and up to 2,000 home sites could take place within 60 days. Creditor Bank of America has already removed one of the resort’s high-speed detachable quad chairlifts in a sector of the mountain not operated by the Tamarack Municipal Association.