Jumbo failure highlights ski resort developers’ uphill fight

By Glen Korstrom
Development groups in Valemount and near Squamish tout projects’ economic benefits

Glacier Resorts Ltd.’s decision to end 30 years of working to create a year-round ski resort in B.C.’s Kootenays region offers a cautionary tale for aspiring resort developers in Valemount and near Squamish. Glacier has agreed to an undisclosed payout to sell its ownership and development rights in its Jumbo Glacier Resort project, while clearing the way for resort opponent Ktunaxa Nation to use up to $16 million in federal funds, and about $5 million in other money, to create a protected Indigenous conservation area.…

Source:: Jumbo failure highlights ski resort developers’ uphill fight

• Whistler News

January 28, 2020

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