The proponents of Garibaldi at Squamish a proposed four-season resort on the slopes of Brohm Ridge need to secure between $2 million and $5 million in funding before the end of February, 2001.
Without the cash the proposal could die.
Garibaldi Alpen was given exclusive rights to come up with a comprehensive plan for the Crown land within a four-year period.
Under terms of the contract with the B.C. Assets and Lands Corporation, that period expires Feb. 28, 2001, says Garibaldi Alpen chairman Wolfgang Richter.
He said BCAL is amenable to extending the deadline if he comes up with a clear work plan and schedule to show he will be able to follow through on his proposal. He must also demonstrate that he has the funds to implement the work plan.
"That is why we need to have the financing lined up. We have a deadline to get our ducks in a row."
Richter said he anticipates being in a position to announce a funding partner in the very near future. "We are very, very close."
BCAL would be in a position to entertain other backcountry recreation proposals for the Brohm Ridge region should the Feb. 28 deadline not be met.
The Environmental Assessment office is also waiting for a project report from the proponents. The project report is the second stage in the Environmental Assessment process.
Richter said his company has been working on the project report through the fall.
In addition to the report, Garibaldi Alpen must also submit a management plan for approval under the Commercial Alpine Ski Area Policy, administered by BCAL.
The CASP is a staged process that moves the proposal from a general ski area vision through to the preparation of a more detailed concept and on to the development of a full ski area master plan and the negotiation of a master development agreement.
Richter said he has been working on both the EA and CASP submissions simultaneously.
He said he hopes to submit both documents early next year in tandem with his new partners.