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At the height of its Olympic glory, Whistler — the ski resort hosting the alpine events at the Vancouver Games — may be headed for the auction block. It’s owned by a New York hedge fund that is reportedly behind on a $524 million loan payment, the result of flagging resort business and plummeting property values. Creditors want their money back, and they’re playing hardball — calling an auction to put Whistler and other property up for sale today, the same day Bode Miller is scheduled to compete for his second medal in the men’s super-G. One analyst estimated the resort could fetch as much as $250 million, with Vail Resorts — which owns resorts in Vail and Breckenridge — one possible buyer.
