Lenders have moved to auction off the assets of Intrawest ULC, including the Whistler ski resort that will be home to the Olympic downhill races.

Intrawest said it will be “business as usual,” despite the possibility Whistler could be on the auction block even as the world’s athletes grace its slopes.

And Olympic organizers said they’re confident that the Games will go on.

Dan Doyle, executive vice-president of construction for VANOC, said the venues in Whistler are ready.

“It doesn’t make very good business sense for people to put them out of business at the time of the year when they’re making their most earnings,” Doyle said.

A public notice has been posted in newspapers by the company’s lenders saying that an auction to sell the assets will be held on Feb. 19, right in the midst of the Olympics, which begin Feb. 12.

Vancouver-based Intrawest, which is owned by private equity firm Fortress Investment Group LLC, reportedly missed payments last month that were due on a $1.4-billion US loan.

The group of lenders, which includes Lehman Brothers and Davidson Kempner, hope for a speedy sale of Intrawest in one transaction. Calls to Intrawest were not returned.