Nevis Homeowners Sue Bill Gates' Cascade for $100 Million Over Four Seasons Resort Disrepair
Updated
Updated · Forbes · Aug 14
Nevis Homeowners Sue Bill Gates' Cascade for $100 Million Over Four Seasons Resort Disrepair
3 articles · Updated · Forbes · Aug 14
Summary
$100 million in claimed lost value is at the center of a Delaware Chancery suit filed by the Four Seasons Nevis homeowners association against Nevis Peak Holdings, owned by Bill Gates' Cascade.
The 66 owners of 89 villas say they paid more than $20 million in fees since 2013, yet the 350-acre resort has deteriorated, with broken golf carts, damaged pools, outdated gym equipment and trash on the grounds.
A 2022 fire destroyed the golf pro shop and fitness center, and the complaint says nothing has been rebuilt nearly four years later because Nevis Peak allegedly carried no fire insurance.
The suit also alleges aging secondhand transformers, seasonal water outages and $1.4 million in infrastructure repairs paid by the association, while saying promised financial disclosures and twice-yearly meetings never happened.
Cascade said it will vigorously defend claims it considers meritless; the complaint says Four Seasons' own assessment put needed work at more than $65 million, including over $20 million tied to fire damage and the spa.