September 14, 2013 - 8:30 AM
WEST KELOWNA - An expansion project proposed over five years ago for the westside's Crystal Mountain ski resort is close to reaching its expiry date.
The Regional District of the Central Okanagan announced yesterday Crystal Ski & Golf Resort Inc. has a final six months to get the project off the ground before its zoning approval expires.
Expansion of the day-use ski attraction northwest of the Glenrosa Interchange would see it become an all-season, world-class mountain recreation area
It's the seventh time the developer has postponed the project, unable to secure the necessary funds. In their letter to the regional district Pheidias Development Management Corporation says it's largely due to the reluctance of financial institutions to fund recreation and tourism developments.
The resort is currently seeking new contacts to help finance the project. If unsuccesful, the district is concerned too much time has elapsed and the project will need to be revised under new requirements.
The resort has another six months to kickstart the first phase of expansion before the zoning approval expires.
To contact the reporter for this story, email Julie Whittet at firstname.lastname@example.org or call (250)718-0428.
News from © InfoTel News Ltd, 2013