Valemount Glacier Resort Clears Last Hurdle
Valemount, B.C.- The Valemount Glacier Destination Resort Project now has a master development agreement with the Province of B.C.
The overall cost of the project is estimated at $800 million dollars. The first-phase project investment by Valemount Glacier Destinations and its capital partners will be approximately $100 million. On completion, the new resort – located in the Premier Range of the Cariboo Mountains immediately west of the Village of Valemount – will include:
* Year-round glacier skiing and gondola access for alpine sightseeing;
* Access to mountain top elevations of more than 3,000 metres (9,850 feet), including the summits of Mount Pierre Elliot Trudeau, Twilight Glacier, Glacier Ridge and Mount Arthur Meighen;
* The largest vertical drop in North America, third largest in the world, of over 2,000 metres (6,726 feet);
* A base-area village with residential, hotel and commercial space, which will be a focal point for all seasons resort activities; and,
* 800 full-time jobs that will be created and supported through the construction and operation of the resort.
The Valemount Glacier Master Plan, showing how the resort will be built out over time, was approved by the Province in August 2016.
The approved 60-year master development agreement is the land-use contract between the Province and Valemount Glacier Destinations, which will allow construction and development activities to proceed toward an anticipated resort opening in December 2018.
“Valemount Glacier Destination Resort represents an exciting, unique opportunity for our community” says Valemount Mayor Jeannette Townsend ” to attract global tourists and help build a prosperous future, and we are pleased to see the completion of the Master Plan Development process”.
The Master Development Agreement is the last step for the Valemount Glacier Resort to be able to start construction says MLA Shirley Bond, “The glacier access at this world-class resort gives visitors an extended ski season and helps diversify the tourism experiences in northern B.C. The partnerships, investment and jobs created by the resort will benefit the region for years to come. Reaching this point has taken an incredible amount of work and, as the local MLA, I am proud to have worked hard with all the partners to finalize the MDA.”