The Gaglardi family of Vancouver, who are at the helm of the proposed Garibaldi at Squamish ski resort, have bought a significant equity interest in Revelstoke Mountain Resort development.
The purchase was more than $10 million according to a report in the Vancouver Sun.
The billion dollar Revelstoke development is set to open Dec. 22 for the ski season.
The principles in Revelstoke Mountain Resort now include four partners: Denver developer Don Simpson, Toronto developers Hunter Milborne and Robert Powadiuk and the Gaglardi family.
The Revelstoke resort is expected to be completed over 15 years and will include more than 5,000 housing units and 500,000 square feet of commercial and retail space and a golf course.