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stoneham expansion

$200 million investment planned for Stoneham Investment and expansion at Quebec ski resorts is on the rise, with Charlie Locke last week announcing a $200 million upgrade of Stoneham Mountain Resort, including new lifts and a village at the base of the mountain. The announcement follows Intrawest’s ambitious development plans at Mont Tremblant, the latest chapter being the recently announced Westin Tremblant Resort. Locke is the principal in Resorts of the Canadian Rockies, a company which owns ski resorts at Lake Louise, Fortress and Wintergreen in Alberta as well as Fernie Alpine and Kimberley Ski Resort in B.C. The company also manages Nakiska in Alberta. RCR purchased Stoneham, outside of Quebec City, last July. RCR is preparing a master plan for Stoneham with the intention of turning Quebec’s third largest ski area into a four-season destination resort. Plans include a new high-speed quad and 10 new trails this summer. Construction of the village, which includes two condo-hotels, a convention centre, commercial space, townhomes and building lots, is scheduled to begin next summer. Stoneham currently has more than 400,000 skier visits annually. The ski area has 1,380 feet of vertical, serviced by 10 lifts on four mountains. Stoneham was part of Quebec City’s bid for the 2010 Winter Olympics and would have hosted the freestyle events.