Tanner & Haley $1.3 million Park City property sale approved

By Caroline Salls

Pittsburgh, Jan. 10 - Tanner & Haley Resorts obtained court approval of the $1.3 million sale of its Park City, Utah, property to Ladd Tanner, according to a Wednesday filing with the U.S. Bankruptcy Court for the District of Connecticut.

Tanner paid a $50,000 deposit, and the balance of the purchase price is to be paid in cash at closing.

According to the motion, the Park City property is not popular among the company's members, is not necessary for Tanner & Haley's operations and is not part of the global sale of the company's assets.

Tanner & Haley is a hospitality and real estate company based in Westport, Conn. It filed for Chapter 11 on July 23, and its case number is 06-50245.

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