Future Plans
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When complete, the resort will offer approximately 10,000 acres of skiable terrain and a vertical drop of 1,845 meters (6,100 ft), with 21 lifts and 115 ski and snowboard trails. Revelstoke now offers the highest vertical descent of any resort in North America. In terms of size, it is already about the same as other major resorts like Vail or Panorama, and over a third the size of Whistler-Blackcomb. When completed, it will have 10,000 acres, which will make it the largest in North America.
When the Village is complete, homeowners and visitors at Revelstoke Mountain Resort will enjoy picturesque walkways in the pedestrian-only village leading to colorful plazas buzzing with activity, alive with entertainment, choices of fine restaurants and cafes, and rich in opportunities to just relax and enjoy the spectacular setting.
This first phase of this master-planned community includes Nelsen Lodge resort condominiums, Tangiers luxury townhomes, and the Monashee single-family estate lots. Signature hotels, cultural attractions and a diversity of commercial amenities are also planned to be developed in accordance with stringent environmental guidelines, ensuring the region's natural integrity will be here for years to come.
The phasing of commercial and residential development will be carefully balanced with on-mountain life and trail improvements. The timing and scale of the build-out will be determined by a variety of factors, the most important being market demand.
The model envisions a residential build-out of 1,596 condo units, 525 townhomes, 481 single family lots and 1,690 hotel rooms by 2022. Net profit from real estate sales over this time period is expected to be approximately C$2.1 billion. A total of C$63 million is projected to be spent to build-out 125,000 square feet of commercial space. Additionally, C$265 million is spent on mountain development projects, including lifts, ski runs, lodges, huts, clubhouses, ski operation infrastructure, retail and services infrastructure, off-site services and a Nick Faldo designed golf course.
The Master Plan's flexibility affords the developer wide discretion regarding when and how much new capital to contribute for expansion. Successful real estate development and Resort operations in the early years will further mitigate capital risk.