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SALT LAKE CITY (AP) -- A bankruptcy auction for a luxury golf community near Park City ended in a disagreement between the bank that's owed money and a group led by the developer.
Credit Suisse and shareholders for Phoenix-based Pivotal Group contested each other's bids for Promontory ranch.
Each side said the other bid wasn't enough and didn't satisfy terms of a court-approved reorganization.
The dispute will go to U.S. Bankruptcy Judge Judith Boulden in Salt Lake City on Friday.
Promontory was forced into bankruptcy in March 2008.
The 10-square-mile community of multimillion-dollar homes, opulent clubhouses, golf courses and horse stables occupies a sagebrush-covered ridge overlooking Park City.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
