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Red Mountain Ventures, the developing and operating company for Red Mountain Resort, is announcing the launch of two major development projects. The company will be investing more than $5 million in two projects: the revitalization of the resort’s 110 year-old day lodge and the second phase of its Caldera single-family neighbourhood at the base of the resort.
The final stages of design are underway for the restoration of the existing 17,000 square-foot day lodge. The revitalization efforts will also include the addition of approximately 7,000 square feet of new skier services. The services will include equipment rental, retail space, guest services, lift-ticket box office, day lockers, general store, wine bar and a four-season conference centre. Completion is expected in December 2010. Red Mountain Resort, the oldest ski resort in Western Canada, was purchased in 2004 by business investor Howard Katkov and a group of ski enthusiast investors. Since the acquisition, Red Mountain Resort has undergone more than $57 million in renovations, including new and upgraded lifts, mountain expansion and ski-in and ski-out residential developments. Phase one of the new Caldera community consists of 18 lots. In addition to the single-family lots, Red Mountain Ventures is offering The Red Haus, a 1,600 square foot home designed to maximize views, utilize natural daylight and retain existing vegetation. Red Mountain Ventures has constructed the forested neighbourhood at the base of Red Mountain with a comprehensive environmental stewardship plan consisting of water protection restrictions, landscape standards, building size maximums, energy efficiency and smart growth standards for development at Red Mountain. A recreational playground, Caldera will be a ski-in and ski-out neighbourhood surrounded by hiking, biking and snowshoe/cross country trails and will include a people mover (Poma or Rope tow) for the exclusive use of Caldera residents. Red Mountain Ventures was founded with the mission of developing and operating Red Mountain Resort and the surrounding area near Rossland, B.C. with a responsibility to the environment and the community of Rossland. The organization has made a long-standing commitment to respect and uphold the unique history and traditions of the community while balancing effective and successful business management in any economic climate. Howard Katkov serves as president and CEO of Red Mountain Ventures and comes with a long history of creating and managing truly successful real estate and business ventures. Together with the Red Mountain Resort operations staff, Howard shares a vision of preserving the past while offering its visitors a unique experience that only Rossland can. |
