A terms of reference document for a new area structure plan (ASP) regarding the future of Three Sisters Mountain Village (TSMV) will ensure appropriate environmental policies are created and development on land will not take place until the area known as Site 9 is transferred to a conservation society, council decided, Tuesday (Dec. 18).
Canmore council debated the outline for the ASP presented by Three Sisters receiver PricewaterhouseCoopers (PwC), at length on Tuesday.
Since February 2009, TSMV has been in a court-ordered receivership and accumulated approximately $115 million in debt. The Town approved a framework agreement last month, as well as terms of reference for an environmental impact statement (EIS). Read the full story at the Rocky Mountain Outlook.