Intrawest plans French skiing village

VANCOUVER -- Intrawest Corp., in conjunction with Paris-based Compagnie des Alpes, is planning to transplant its ski village concept to France.

The first venture, a pedestrian-only village at Les Arcs in France's Savoie region, is expected to break ground in spring 2002 and be completed in six to 10 years.

Robert Jerome, vice president of resort development, who was instrumental in creating Intrawest's Tremblant village in Quebec, will help oversee the project as vice president, Europe.

The village at Les Arcs will comprise 550,000 square feet of development and include 800 residential units, as well as restaurants, cafes and retail stores in 50,000 square feet of commercial space. The village also will feature a European spa and outdoor slope-side pools.

Intrawest resorts include Whistler/Blackcomb, British Columbia; Tremblant, Quebec; Copper, Colo.; Stratton, Vt.; Snowshoe Mountain, W.Va.; Mountain Creek, N.J.; a 59% share in Mammoth, Calif., and Sandestin Golf and Beach Resort in Destin, Fla.

Future villages in Europe are under consideration.

Intrawest has a significant investment in Compagnie des Alpes, the largest ski company in the world in terms of skier visits.

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