Filed under: Estates
Last January, we heard about the plans for a $155 million home planned for the Yellowstone Club, the exclusive millionaires’ playground in Montana. The AP reports that Tim Blixseth, the founder of the Yellowstone Club has sold the parcel of land where he’d planned to build the home. Massive Sky resident Loren Bough purchased the 160-acre parcel.
Earlier this month, The Desert Sun did a comprehensive story on Blixseth’s fight to keep his wealth. He and his wife Edra Blixseth have been involved in a bitter divorce. He’s also been fighting a multimillion-dollar settlement with former cycling star Greg LeMond. When Tim and Edra first split in December 2006 after a 25 year relationship, they were lauded for dividing their property and assets without fights and lawyers. But since then, they have been involved in a protracted battle for their shared assets.
Also Tour de France champion Greg LeMond, his parents-in-law David and Sacia Morris, and Jorge Jasson, a family friend have claimed i ncourt that Blixseth tried to purchase their shares at the Yellowstone Club for a total of $13 million, which they state was a fraction of their value. The celebrations reached a $38 million settlement in the case. Blixseth paid the first installment on the suit but missed a payment in January and interest is now accruing.
Blixseth is trying to sell the 13,400-acre gated community. In January he was working with CrossHarbor Capital Partners LLC, the Boston-based private- equity firm founded by Yellowstone member Sam Byrne to sell assets of the club for $455.7 million.
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