Agassi, Graf cancel plans to buy property at Idaho resort - Spokane, North Idaho News & Weather KHQ.com

Agassi, Graf cancel plans to buy property at Idaho resort

Steffi Graf and Andre Agassi canceled plans to purchase property at Tamarak Resort in Western Idaho Steffi Graf and Andre Agassi canceled plans to purchase property at Tamarak Resort in Western Idaho

BOISE, Idaho - Star tennis couple Andre Agassi and Steffi Graf and other investors have terminated a contract to buy property at Tamarack Resort for a proposed luxury hotel, citing unresolved litigation and current market conditions.

Joel Goldman, one of Agassi's and Graf's partners, told The Associated Press, "Based on the pending litigation and current market conditions, we are not at this time proceeding with the project."

Resort owners Jean-Pierre Boespflug and Alfredo Miguel Afif have been sued in federal court by investment bank Credit Suisse, contending they breached a written agreement to cover some debts if the resort defaulted on a $260 million loan.

Companies owned by Boespflug and Afif that own a majority of Tamarack have sought bankruptcy protection.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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