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Cyclist LeMond plans bid for land near Yellowstone

Cyclist LeMond plans bid for land near Yellowstone

An attorney for cyclist Greg LeMond says the three-time Tour de France winner and his in-laws plan to bid on a large parcel of land at Montana's exclusive Yellowstone Club.
The owner of the 160-acre tract near Yellowstone National Park, club co-founder Edra Blixseth, filed for bankruptcy protection and are trying to sell the parcel.
LeMond and his relatives hold a $13.5 million lien on the property after settling a lawsuit with Blixseth and her ex-husband. A U.S. bankruptcy judge said he would consider delaying the sale process so LeMond and his in-laws can bid.
Opening in 2000, the exclusive enclave quickly gained a reputation for extravagance, with homes worth tens of millions of dollars. But when the real estate market crashed, the club was saddled with enormous debt.


Updated : 2021-02-26 08:43 GMT+08:00