Tag Archives | $42 million lawsuit debt


Part of Hot Creek development agreement under discussion

Another detail from the Airport lawsuit situation – the development agreement signed back in 1997 is still in effect.  According to Mammoth Financial Consultant Marianna Marysheva-Martinez, the development agreement itself expires in 2017.  She said only part of the development agreement was transferred to Mammoth Lakes Land Acquisition. Terry Ballas holds the rest and is […]

Continue Reading · 4

Mammoth Town Council waits to hear on counter offer to MLLA

As the Mammoth Town Council prepares for a meeting Wednesday night, officials also wait to hear from Mammoth Lakes Land Acquisition on a  counter offer from the Town. According to Town Manager Dave Wilbrecht, negotiations between MLLA and Mammoth over the $42 million lawsuit debt resulted in an offer of settlement from MLLA.  Mammoth has […]

Continue Reading · 9