Tag Archives | $41 million debt


Mammoth officials meet with MLLA

Still on schedule for financial discussions and finally meaningful options for settlement of their $41 million debt, Town of Mammoth officials confirmed they are meeting with representatives of the Mammoth Lakes Land Acquisition at the Town Offices this week. On Tuesday, Town Financial Advisor Marianna Marysheva-Martinez, confirmed the the second meeting with MLLA had just […]

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Municipal bankruptcy: not a magic pill

As Mammoth officials continue to hand over information to Mammoth Lakes Land Acquisition so they can eventually negotiate payment of Mammoth’s $41 million debt, the option of bankruptcy remains a possibility.  Advisor to the Town, Marianna Marysheva-Martinez continues to say she does not prefer bankruptcy.  It is believed MLLA agrees.  Martinez did share with Sierra […]

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