Framework approved for Three Sisters Mountain Village

Unlike last week’s public meeting where a packed council chamber heard plans that could finally move the town’s largest area of undeveloped land out of receivership, about 30 people were present for council’s approval of a framework agreement on Tuesday (Nov. 20) that outlines the process leading up to an eventual decision in spring.

Three Sisters Mountain Village, which is currently managed by PricewaterhouseCoopers (PwC) through a court-ordered receivership, has accumulated around $115 million in debt, but could be ready for development sometime next year.

The Town’s general manager of municipal infrastructure, Gary Buxton, presented the framework, answered questions from council and stated clearly that the Town is not bound to the contents in the framework and the decision will be made by council following a public process. Read the full story at the Rocky Mountain Outlook.