Last week the Leelanau County Register of Deeds office received documents from a title company in Troy to record the deed transfer for Sugar Loaf resort. But Register of Deeds Dorothy Miller reportedly found errors in the paperwork, including discrepancies between Kate Wickstrom’s signatures in the documentation from March 2013 and now. The signatures may have been forged. Miller confirmed that, as of today, the deed to Sugar Loaf has not been transferred.
Here’s a quick timeline of events surrounding Sugar Loaf since the resort reemerged in the headlines last September. Below that you’ll also find a list of major questions that remain about Sugar Loaf and its ownership.
Nearly a month after his much anticipated visit and inspection of Sugar Loaf resort on Feb. 5, Leelanau County inspector Steve Haugen has published the official violation report in the form of a letter he mailed both to former owner Kate Wickstrom and to current owner Remo Polseli (through his company, Rock Investment Advisors, LLC).
In a rare and extensive interview with the Glen Arbor Sun today, Remo Polselli admitted that he is the owner of Sugar Loaf resort, through his share in Rok Investments LLC. Polselli did not specify the extent of his ownership, or who else is involved in the corporation, but added that Liko Smith has no — nor has had any — part of Rok Investments.
Leelanau County code inspector Steve Haugen entered and inspected the lodge at Sugar Loaf on Wednesday, Feb. 5, without the presence of the long-shuttered ski resort’s owners, former owners or wanna-be owners. Realtor John Peppler, who lists Sugar Loaf for $8.7 million, accompanied Haugen, as did County administrator Chet Janek for part of the 3.5-hour tour.
Neither the Glen Arbor Sun nor any other media outlet in Northern Michigan seems to know exactly if/when Liko Smith will show up to claim Sugar Loaf/allow Leelanau County inspector Steve Haugen to tour the premises. Claims that Smith and Haugen would tour the property today, January 31, and that Smith would meet the public over karaoke tonight at the Cedar Tavern proved incorrect. Liko Smith emailed various media sources today that the inspection will now take place on Friday, February 7. Meanwhile, it remains a mystery as to who actually controls/owns the long-shuttered ski resort, and what their true intentions/motives are. One thing is certain: we journalists are pecking and clawing for every little scrap like vultures in a garbage dump.
Eneliko “Liko” Smith has told Leelanau County Construction Code Authority Steve Haugen that he will “probably be here some time this week” to prove to Haugen that he is, in fact, the owner of Sugar Loaf resort. The enigmatic Samoan boxer with a dubious legal history has claimed since late September that he owns the long shuttered Northern Michigan ski resort. But Smith has offered no documentation to back that claim.
The Glen Arbor Sun has learned, through confidential sources, that former Sugar Loaf owner Kate Wickstrom transferred the ownership deed over the long shuttered resort to Remo Polselli in March 2013. Polselli — a hotelier and convicted felon — signed an Indemnification & Release Agreement on March 18, as manager of “Rock Investment Advisors”. Wickstrom, who received the transfer agreement via her Traverse City-based attorney Joe Quandt, signed on March 20. Polselli paid legal fees associated with the transfer.
Oscar Peters — the British-born billionaire international banker who was helping Eneliko “Liko” Smith launch Las Vegas Airways (LV Air) before Smith turned his attention toward Sugar Loaf — has dropped out of the game. Peters’ exit might leave the West Coast hotelier with no viable way to acquire the long-shuttered Leelanau County ski resort.
Eneliko Sean “Liko” Smith, the enigmatic West Coast hotelier and self proclaimed “extreme sport entrepreneur” who has left a trail of dubious business transactions in his wake, is once again bidding for Sugar Loaf, the long shuttered ski resort in Leelanau County.