Bear Mountain court filings cloud future operations

A flurry of court filings between the two controlling partners of Bear Mountain is creating uncertainty for the future operation of the 1,100-acre resort community.

Matthews said Sanovest issued a formal demand for payment of the loan and then refused Matthews’ cash offer to buy out Sanovest’s 50% interest in the Bear Mountain partnership. “Kusumoto has sought to radically alter the business objectives by seeking to involve the partnership in vertical building partnerships with developers rather than pursue the established plan of bulk sales of multi-family sites and single-family residential lots,” the petition says.

In a separate statement Tuesday, Westin Bear Mountain Resort and Spa clarified it is an independent entity and not associated with any of the companies at Bear Mountain, and it’s business as usual.

Source: Law Daily Report (lawdailyreport.net)

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