Whistler Blackcomb, the official ski resort for the 2010 Olympics in Vancouver, Canada, has been issued a notice of default because of a missed $524 million debt payment, according to CNBC.com.

This news comes comes less than one month from the lighting of the Olympic Flame on Feb. 12, 2010. Intrawest, the debtor, purchased the resort from Whistler Mountain Ski Corporation in 1997.

Whistler Blackcomb is the largest ski area in North America with more than 8,000 mountainous acres.  It will host the alpine skiing events, as well as bobsled, luge and skeleton.

Even though the creditors have the option to auction Whistler Blackcomb on Feb. 19 (right in the middle of the games) , it should not have any impact on the actual events that take place during the XXI Olympic Winter Games.

The timing certainly creates quite an incredible marketing opportunity.