Whistler Blackcomb inks long-term agreement renewals with B.C., First Nations
WHISTLER, B.C. — The Colorado-based company that owns the Whistler Blackcomb ski resort in British Columbia has announced a 60-year renewal of the resort’s master development agreements with the B.C. government.
Vail Resorts, Inc. (NYSE:MTN) says the renewal also includes approval of Whistler Blackcomb’s associated master plans.
That is one of the key requirements before a three-phase, $345 million facelift can proceed at the mountain home of the 2010 Winter Olympics, 125 kilometres north of Vancouver.
A news release from Vail Resorts says execution of the long-term agreements provides future certainty for Whistler Blackcomb’s operations and a positive benefit for the local communities and British Columbia.