Snow Basin, Ltd. v. Boettcher & Co.

Opinion by

Judge MARQUEZ.

Plaintiff, Snow Basin, Ltd., appeals from a $250,000 judgment entered in its favor following an advisory jury verdict on its claim for promissory estoppel. Defendant, Boettcher & Co., Inc., cross-appeals. We affirm in part and reverse in part.

On June 26, 1979, an agent of defendant’s predecessor promised plaintiff that it would underwrite proposed industrial revenue bonds to help finance construction and improvements to plaintiff’s ski area. Thereafter, plaintiff undertook construction and made the improvements to the ski area in reliance on defendant’s promise.…