Ski Resort On The Market
Bear Valley Mountain Resort is up for sale. In January, the resort announced it had cleared the main environmental hurdles required for its long planned renovation and expansion. At that time, owners also put the call out for possible investors, but now they have taken it one step further and put the resort on the market.
Resort Spokesperson Rosie Sundell says, “These entitlements change the value of the resort, so we are seeing if there are any interested parties that want to come in and participate or take over the whole resort.”
A new ownership group took over the resort in 2005 and started work on a Master Plan for the ski area and surrounding property. Plans call for a lift to connect the village to the ski area, new mountaintop dining, trail improvements, 300 condominiums, and a new lodge. The Alpine County Supervisors approved the Environmental Impact Report for the Master Plan, and the Environmental Assessment for the ski resort in January.
Sundell says at this time, “There is nothing pending. No deal is ready to be signed. The resort is basically going out for its next round of investments to redevelop the resort.”
Bear Valley, located on Highway 4, has 1,680 acres of varied terrain, and more than 70 trails.