Yellowstone Club

The Yellowstone Club, also Yellowstone Ski Resort, is a private residential club, ski resort, and golf resort located in the state of Montana, USA. The Rocky Mountain ski and golf club is located in eastern Madison County, just west of Big Sky, Montana, south of Bozeman and northwest of Yellowstone National Park.

Entrepreneur Tim Blixseth purchased approximately 100,000 acres of timberland, partly in purchases from Plum Creek Timber and engaged in swaps of land with the U.S. Forest Service and the Federal Government ("Gallatin Land Exchanges"). This land swap process was enabled by two specialized acts of Congress in the 1990s. Blixseth ultimately ended up with a large amount of developable land adjacent to the Big Sky Resort in Montana. The Yellowstone Club private ski and golf community was developed by Blixseth and used as collateral for a $375 million syndicated loan where the proceeds were used for other purposes, including an effort to build an exclusive luxury vacation club based on acquiring resort properties around the world. This venture failed, Mr. Blixseth and his wife divorced and the Yellowstone Club entered bankruptcy in November 2008.

During its peak season, almost 650 people are employed at the club.

The club was featured on CNBC's lifestyle show High Net Worth with Tyler Mathisen.

Cyclist Greg LeMond, an early investor and homeowner/member, sued the club in 2006, saying club founder Tim Blixseth and his former wife Edra Denise (Crocker) Blixseth had borrowed $375 million from Credit Suisse Group and took $209 million for themselves as a dividend, jilting him and other investors. The suit was settled in 2008 for $39.5 million. Ms. Blixseth eventually agreed to pay Mr. LeMond and others a $21.5 million settlement; she paid only $8 million of that amount and Mr. LeMond and others joined the group of her creditors in her personal bankruptcy.

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