WestMont Ridge Approved By Board of Directors
By Jann Wiswall
The WestMont Ridge project at HoliMont officially is a “go” following approval by the Board of Directors at its meeting on March 15.
Within 24 hours of the very successful auction held on February 23, 18 of 31 available lots were sold for a total of $2.754 million. According to Board Chair Al Mahar in a letter to HoliMont members, the money from the auction “will exceed our costs in building the roads and sewers” and other utilities to prepare the site for construction of homes on those lots.
The auctioned property and the remaining 13 lots represent Phase 1 of a two phase plan for HoliMont. Phase 2 involves adding significant amenities and upgrades to the resort, including new slopes in the Sunset area and a new lodge. It also includes a multi-unit condominium; “Park & Pipe” terrain with lighted, nighttime hours; a new beginner-friendly ski area; a state-of-the-art high-speed detachable lift at Sunset; a Nordic Center for cross-country skiing and snowshoeing; parking and more. The Phase 1 property sale also will fund a good portion of the infrastructure needed to begin Phase 2.
Since its inception, HoliMont has “expanded by investing in land and selling that real estate. This strategy has served the resort well,” says HoliMont’s General Manager Dave Riley, who adds that “We have never wanted to upgrade our resort on the backs of our members.”
Riley reports that bids already have come in for road and utility work. Once contracts are awarded and the ground is dry enough, construction can begin – probably in May or June. HoliMont expects to have this work completed by fall 2013. Closings on the lots that currently are under contract should be completed in August or September.
Interest in the remaining 13 lots for sale is strong, Riley says. The lots range in size from a third-of-an-acre to six-tenths of an acre and, when finished, will feature ski-in, ski-out terrain adjacent to the Sunset area. HoliMont Realty currently is listing the lots at $160,000 each. It is expected that once “shovels hit the dirt” this spring, lot pricing will go up, Riley says.