Canada’s Skyline International Development Inc. has signed an agreement to purchase Bear Valley Mountain Resort in northern California.
The agreement comes after several weeks of discussion with the current ownership and local community leaders that had formed the Bear Valley Mountain Cooperative and who were also in the process of purchasing the resort. Closing is subject to the US Forest Service issuance of a permit to operate the resort, expected in 30 to 60 days.
Located in the Sierra mountain range between Lake Tahoe and Yosemite, Bear Valley Mountain Resort is known as “a year-round, less congested, family friendly option for skiing and other recreational activities like water sports, biking, music festivals and golf.”
With the purchase of the ski area, Skyline has an option to purchase development land in Bear Valley Village for 350 residential units and add a 40,000-square-foot Village centre which includes a 53-room Lodge and a 17,000-square-foot commercial complex.