post #1 of 1
Thread Starter 
Toronto real estate baron excited about Mt. Mac project

By Gregg Chamberlain
There may be a new player in the Mount Mackenzie development project. But in this case looks are deceiving.
This past weekend residents curious about what is going to happen with the ski hill wandered around inside the fire hall auditorium, looking at displays and talking to engineering and urban design consultants. It was all part of a two-day open house and technical planning information workshop on the Mount Mackenzie resort development project. Revelstoke Alpine Village Inc. (RAVI) organized both events and C. Hunter Milborne is behind RAVI.
RAVI is the group Milborne has put together to complete creation of the master development plan for the Mount Mackenzie project for provincial government review and approval. The Toronto real estate developer came on board last year as part of Mount Mackenzie Resort Group Ltd. (MMRL), which wants to develop the ski hill into an international four-season resort. At the time he pledged $1 million towards a master plan and said during a phone interview last week that RAVI represents his increased commitment to the ski hill project.
"RAVI is a 25 per cent shareholder in MMRL," Milborne said.
His original $1 million investment gave Milborne a 1.4 per cent interest in the Mount Mac project. He and several other members of MMRL who are also part of RAVI agreed to invest more into the proposal in return for RAVI becoming a major shareholder in the development.
Now, he said, the goal is to get the master plan ready by the end of this year for the provincial government to sign it off. Milborne has assembled the same group of consultants he used to finish work on development planning for his Mount Garibaldi resort project located between Squamish and Whistler.
"We do have what we think of as an all-star team of consultants," Milborne said.
The weekend open house and workshop weres internded to bring residents up to date on the plan for the ski hill. Saturday's open house was geared towards general information while Sunday's workshop was for people interested in technical details about issues like water, sewer, power, and road development when construction begins on the first phase of the project.
A rought estimate of the cost to put the first phase of the Mount Mackenzie project is between $20 million to $25 million. That includes three new quad lifts going up towards the summit, an expanded parking lot setup and the base day lodge.
Milborne said pre-sales of condo and single-residence lots in the resort area on and around Mount Mackenzie will help with part of the financing for the development. Additional sources of funds would come from other investors in the project.
"The nice thing is it's spectacular stuff to work with," Milborne said. "This is not only big by North American standars but by world standards this is a big mountain."
Milborne expressed confidence that Revelstoke will have an international resort on its ski hill before the decade is out.
"I'm feeling wonderful," he said, "and I'm the one spending all the money."