SAM Magazine-Donnelly, Idaho, July 21, 2008-Andre Agassi and Steffi Graf, tennis stars and Tamarack Resort fans, and their investment group have decided against building a proposed Fairmont luxury hotel at the fledgling resort. The group cited Tamarack's uncertain future as the reason for its decision.

Originally, the investment group planned to break ground this summer, but that date was pushed back one year after Tamarack encountered financial difficulties last March. Resort owners Jean-Pierre Boespflug and Alfredo Miguel Afif filed for Chapter 11 bankruptcy protection after investment bank Credit Suisse threatened to foreclose on a $260 million loan. The real estate downturn also worked against the project. Joel Goldman, one of Agassi's and Graf's partners, told The Associated Press, "Based on the pending litigation and current market conditions, we are not at this time proceeding with the project."

Tamarack is still hoping to work with Fairmont Hotels and the Agassis in the future, if and when it gets its financial affairs in order. The Agassis and the Fairmont are still interested in developing a hotel at the resort, according to Tamarack director of marketing and sales Ken Rider. \

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