TABIONA -- A Minnesota bank is having trouble finding a buyer for a massive eastern Utah lodge featuring 13 bedrooms and its own herd of 50 bull elk.
The original owners were unable to sell Tabby Mountain Ranch several years ago and lost it after filing for bankruptcy. A bank is now listing the property for $6.5 million instead of the original price of $10 million.
Real estate brokers tell the Deseret News (http://bit.ly/urWzqU ) the ranch's appeal waned as the recession set in and hunters cut out lavish trips. They also say the lodge's decline illustrates a national trend of commercial properties defaulting on their loans.
The 3,800-acre ranch is located outside the town of Tabiona and was designed for guests who paid thousands of dollars for the chance to hunt elk.
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