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The High Sierra town of Mammoth Lakes said Monday that it filed for bankruptcy because it cannot afford to pay a $43-million breach-of-contract judgment against it brought by a developer.

In a prepared statement, Mammoth Lakes officials said “bankruptcy, unfortunately, is the only option left” for the town, whose largest creditor, Mammoth Lakes Land Acquisition, had won a state court order requiring full payment by June 30, 2012.

Facing a judgment nearly three times the size of its annual operating budget and a $2.8-million shortfall in its 2011-12 fiscal year, the town had already cut many services and asked employees to take reductions in pay. Compounding problems, the adjacent Mammoth Mountain ski resort was forced to lay off 70 full-time employees last year due to a dearth of snow.

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- The Los Angeles Times
Source: Los Angeles Times
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Trip Advisor - Mamoth Lakes, CA

find out everything you need to know about visiting Mammoth this winter.

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Mammoth Mountain Ski Area website. They have everything about the mountain, vacation planning, resorts, vacation rentals, activities, etc.

Awesome website. Great design. Perfect vacation.

Source: mammothmountain.com
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"Mammoth Lakes is a town in Mono County, California, the county’s only incorporated community. It is located 9 miles (14 km) northwest of Mount Morrison, at an elevation of 7,880 feet (2,400 m).[4][5] The population was 8,234 at the 2010 census, up from 7,093 at the 2000 census."

- Here is what wikipedia has to say about Mammoth Lakes. Its interesting and I think you will find that there are some surprises in the specific details
Source: Wikipedia
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Another amazing resource for people looking to live in or visit Mammoth Lakes, California in the near future. This site describes the area as:

A Four-Season Mountain Paradise Nestled in the Midst of the Sierra Nevadas, Mammoth Lakes boasts one of the largest ski resorts in the world, Mammoth Mountain. No matter what your interests are in outdoor recreation, you will find it here.

Mammoth Lakes is home to more than 100 lakes and streams, and known for its world-class trout fishing. Miles of groomed trails through the John Muir and Ansel Adams wilderness areas provides hours of magnificent sightseeing opportunities. Rock climbers rave about it’s exhilarating peaks. Hiking or kayaking, horseback riding or biking, every trail provides a different mountain experience.¬†The getaway¬†you will never forget!
Source: mammothlakes.com
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The official visitor guide for Mammoth Lakes.

Mammoth….describes the size of our mountains, the number of our lakes and the expanse of our valleys, but also the number of possibilities for exploration, recreation and reuniting with your family.

We invite you sit back and click thru our destination website and start planning your new memories.

Source: visitmammoth.com
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The Village at Mammoth is one of the most popular resort areas in Mammoth Lakes, California. And for good reason, I mean just look at that picture. To see Village Condos for sale in Mammoth follow the link, and contact us for more information.

Source: rperealty.com
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http://www.ci.mammoth-lakes.ca.us/ is a great resource for information about Mammoth Lakes. There are links to just about everything that you could ever want to know about Mammoth. This includes local business information, tourism information, activities and much more. This is a great resource for anyone living, moving to or visiting the area.

Source: ci.mammoth-lakes.ca.us
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Photo taken at Mammoth Mountain main lodge. Mammoth is home to a lot of awesome views like this one. Also find info about buying a home in Mammoth either on our Mammoth Real Estate Blog or by viewing homes for sale on our property search page.

Thanks for reading, we hope you enjoyed it and found this post useful and informative. Please feel free to read some of our other Blog Posts for information about Mammoth Real Estate, Market News, Local Attractions and more.

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Happy Holidays from Maggie Larson, Realtor, Associate at Resort Property Realty, Inc. Below is a message from Maggie.

To all my clients and friends. May 2013 bring peace, prosperity and happiness. Happy Holidays!

Thanks for reading, and keeping up with our Tumblr. Come back soon for more photos, information and tips on real estate in Mammoth Lakes, California.

Source: rperealty.com