Edra Blixseth and the other top owner of the Yellowstone Club near Big Sky have retained an Arizona-based company to manage the private club and complete its long-overdue construction projects, according to an item on PR-inside.com.
Over the past year and more, the Yellowstone Club, the world’s only private skiing and golf community, has been in and out of the news, thanks to the public divorce of owners Tim and Edra Blixseth as well as legal battles between owners and Tim Blixseth. Also, the club missed loan payments to creditor Credit Suisse and teetered on the brink of bankruptcy. Earlier this year, Edra won control of the club and vowed to get its overdue construction back on track and to keep its business out of the public eye.
Today it seems Edra and the club have taken a major step in that direction by entering a long-term contract with Discovery Land Co. of Scottsdale, Arizona. The company, which operates 15 other private communities around the world, will manage the club and expand the residential community, infrastructure and amenities.
“Today marks a historic milestone for Yellowstone Club as we embark on the next phase of Club enhancements and infrastructure development that will fulfill Yellowstone Club’s original vision and provide our members, their families and guest with and unmatched Montana outdoor lifestyle,” Edra reportedly said in the release. “I am delighted to be working with Michael Meldman and Discovery, which I know shares our vision and has the experience and creativity to enhance the mountain living and recreation lifestyle and amenities for our members and their families. This venture will help secure our position as the world’s most exclusive skiing, golf and outdoor recreation community.”
The release includes some interesting tidbits about the business at the club, namely about the number of club memberships sold and the number of residences planned. Blixseth said that Yellowstone Club and Discovery Land Company expect to begin land planning and development activities in the coming weeks and months. Development plans call for approximately 450 additional residential and multi-family residences to be built over the coming years to complement the existing 340 club member homes already on the property.
Projects at the club will include a Family Village around the Warren Miller Lodge, new ski facilities on Eglise Mountain, a golf clubhouse, a luxury spa, an ice rink, a baseball field and programs such as camping, fly fishing and wakeboarding.
According to the release, Sam Byrne, of CrossHarbor Capital Partners (the Yellowstone Club’s largest land owner), “We are extremely pleased to have a partner like Discovery Land Company bring its world-renown (sic) expertise in developing premier living and lifestyle communities. This is great news for current and future club members and their families and we look forward to a long and mutually beneficial partnership with Michael and his management team.”
It remains to be seen what the impact of this development will have on Montana and the amenity economy in the Rocky Mountain West.