Debt snowballs for ski hill firm

June 29, 2001
Source: Digital Banff news service

By Kevin Martin

Skiing Louise is critically ill, but not terminal, lawyers yesterday told a hearing for the financially strapped group of companies owned by ski hill baron Charlie Locke. Brian O'Leary, who acts for the cash-strapped corporations, said debtor in possession (DIP) financing approval was needed to keep Skiing Louise afloat.

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