BEAR VALLEY DEVELOPMENT PLAN GETS KEY APPROVALS
SAM Magazine—Bear Valley, Calif., Jan. 24, 2013—Bear Valley Resort has received final approval for its Environmental Impact Report (EIR) and Master Plan, as well as approval of the Environmental Assessment (EA) for the ski area. These approvals clear the path for a long-planned renovation and expansion.
The planning started in 2005, when ownership of the resort and the village was consolidated. Greg Finch, the managing partner of Bear Valley Resorts, said, "After many years of very hard work, we have completed the entitlement phase and are now moving into the investment cycle. It is very exciting after all this time to be able to actually start thinking about what we can do."
The partnership says it is confident it will secure financing for the development projects, which include new chairlifts (including one that will link the resort and village), on-mountain dining, and up to 350 residential units.
"The community is pleased that the Bear Valley ownership group pursued this long regulatory process through to completion, and we are looking forward to the future expansion and redevelopment," said Terry Woodrow, an Alpine County Supervisor.