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Valemount Glacier Destinations Ltd. (VGD) and the Province of British Columbia have completed a Master Development Agreement (MDA) approving a major year-round glacier sightseeing and skiing destination near Valemount – a village municipality of 1,018 people in east central B.C., approximately 320 kilometres from Kamloops. The project is estimated at $100 million.

The resort will feature some of the most impressive viewpoints, according to a recent press release by VGD. A modern lift system designed for both sightseers and skiers will take visitors to the summits of Mount Pierre Elliot Trudeau, Twilight Glacier and the majestic McLennan Glacier. 

“This location opens lift access to one of the best snow zones and reliable climates for snow sports on the continent,” says Tommaso Oberti of Oberti Resort Design and the Pheidias Group. “It will be a true multi-peak experience surrounded by stunning glaciers. VGD embodies the best of B.C. – environmentally sustainable design coupled with some of the best vistas and mountain experiences in the world.”
 
Public access to glaciers with an elevation of over 3,000 meters is said to be a first in North America. A vertical sky drop of approximately 2,050 meters is also considered to be the largest in the region.

Valemount Glacier Destinations - Master Plan from Valemount Glaciers on Vimeo.

The project is in the Premier Range, in the territory of the Simpcw First Nation, from whom VGD has secured support and has worked with from the beginning. “We have appreciated that Chief Nathan Matthew and his Council have seen positively the promise of a significant tourism destination in their territory,” says Oberti in the same release. The Simpcw have participated extensively in the project through their environmental consulting company, Estsek.
 
Final surveys and engineering of lifts will be completed this summer. Construction is expected to begin the following summer with a planned phase one opening of Christmas 2018. The entire site will be completed within a 15 to 20-year period over three phases. The resort will have a total of 1,997 commercial and residential units at completion.
 
For more information about this project and its impact on the region’s commercial real estate market, please contact Marcus & Millichap’s Vancouver office to speak with an advisor.