| NEW RESORT FOR LES ARCS |
17 December 2001 |
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Arc 1950 will be the first new resort in France since Valmorel in 1976. New development in the Alps has been restricted for environmental reasons and this project has been followed closely.
Arc 1950 will be a 'family friendly, car-free village' that will feel as if it has 'evolved over generations'. The 800 residential units will be more spacious than other French apartments.
Intrawest owns 10 mountain resorts, including Whistler. Part of the Arc 1950 deal is an investment into Compagnie des Alps, the largest ski company in the world in terms of skier visits. CDA has interests in Tignes, Les Menuires, Flaine, Chamonix, La Plagne, Courmayeur and Verbier. This is an extremely significant move,
which could ultimately signify many changes for European workers.
We'll be watching this relationship closely. Mail
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