Vermont Standard
4/13/17
Killington — Killington Resort, the largest ski and snowboard destination in Eastern North America, has partnered with Killington, Vermont-based Ottauquechee Realty Advisors, LLC to revitalize the resort’s Bear Mountain base area and South Ridge through a two-year development plan. Total project costs for the Bear Mountain Revitalization Plan are estimated at $60-70 million with a resulting retail value of $110 million once construction is complete.
Phase 1 of the Bear Mountain Revitalization Plan, called “Base Camp at Bear Mountain” is expected to begin in summer 2018 with the construction of 6-7 multi-family buildings estimated to cost $45 million, plus a major remodeling of Bear Mountain Base Lodge (keeping the original footprint), the installation of a fixed grip quad chair lift on Killington’s South Ridge, and on-mountain improvements for skier flow including bridge and tunnel work. On-mountain improvements are expected to cost approximately $8 million total.
“This Bear Mountain Revitalization Plan is especially exciting for me because I know that our core group of season pass holders has wanted a new South Ridge lift since the day we removed the old one,” says Mike Solimano, president and general manager of Killington Resort.
Phase 2 of the Bear Mountain Revitalization features construction of 18 duplex buildings near the foot of the Devil’s Fiddle ski trail with an estimated cost of $25 million, and is expected to begin during summer 2020.
The principals of Ottauquechee Realty Advisors, LLC, Steve Malone and Richard Saunders, have an extensive background in ski resort development in the New England ski resort environment, and more details are available at www. ora-bearmtn.biz.
Additional project details will be made public at www.Killington.com as they become available.
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