Open for skiing today: The Yellowstone Club

BILLINGS, Mont. (AP) — The Yellowstone Club, an exclusive haven for the ultrarich that has filed for bankruptcy protection, plans to open for the ski season today as creditors wrangle over who will provide financing to keep the club going through the winter.

The club near Yellowstone National Park counts former Vice President Dan Quayle and Los Angeles Dodgers owner Frank McCourt among its 345 members. But the credit crisis and a failed expansion plan have left it almost $400 million in debt.

The club filed for federal bankruptcy protection last month, shielding it from its hundreds of creditors while it comes up with a new business plan.

A federal court hearing over short-term financing for the winter ski season recessed Thursday with no decision.