News
BC Business (01/01/08)
Great Expansions
Ryan Stuart | Image: Dave Pehowich | Published: January 01, 2008
A new resort, expansions and proposed new ski hills: heres whats coming down the pipe in B.C.s expanding ski industry.
The new guy
Revelstoke Mountain Resort
The idea of expanding the one-lift Powder Springs Ski Area into a world-class resort was at least 20 years old when Toronto investors Hunter Milborne and Robert Powadiuk received the green light from the province in 2004. Developer Don Simpson, principal of Grand Peaks and Simpson Housing LLP, a Denver-based, US$2-billion-a-year development company, signed on as managing partner in 2005 and pushed the project forward. The ski hill opened in December 2007 with two lifts operating and 25 homesites and two unbuilt condos sold out. By build-out in 2022, $1 billion will have been spent creating a four-season resort with a golf course, 125 ski runs, the longest vertical drop in North America and 16,000 bed units.