The ski hill's lodge burned down in January 2018
Tabor Mountain Ski Resort Ltd. and its owner denied the provincial government’s allegations that they misspent the proceeds of an insurance payout from the January 2018 fire that destroyed the ski lodge.
“Due to the unprofitable operations of Tabor Mountain, and its general financial position, no other funds were available to reconstruct the ski lodge other than the insurance proceeds,” said the TMSR reply. “The insurance proceeds alone were insufficient for Tabor Mountain to reconstruct the ski lodge.”
TMSR and Thibault said that the province knew or ought to have known that TMSR’s books showed the land, including the ski lodge, as the company’s depreciable assets or leasehold improvements. It also said the province knew the insurance coverage met its requirements.
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