Canmore to be home of $1.5B resort village

A developer unveiled plans Tuesday for a $1.5-billion resort village in Canmore, Alta., touting it as a magnet for 200,000 visitors annually.

A developer unveiled plans Tuesday for a $1.5-billion resort village in Canmore, Alta., touting it as a magnet for 200,000 visitors annually.

Stone Creek Properties wants to transform the Rocky Mountain landscape into a European-style resort named The Village at Silvertip, inspired by that continent's traditional hill towns.

Plans for the 24 hectares include four or five hotels, 80 to 100 stores, a conference centre and a spa.

While the residential portion is already under construction, the resort village is expected to take 10 to 20 years to complete, said Stone Creek president and CEO Guy Turcotte.

Stone Creek already operates a resort and golf course in the area, as well as Eagle Ranch in Invermere, B.C.

The Village at Silvertip has been on the drawing board for three years, and has not met any opposition, said Turcotte.

"We went through an approval process last fall on [an] area structure plan in Canmore where we held two open houses. We had public hearings, and to be honest, we never had a single person come forward and speak against the project," he said.

Some environmentalists are concerned about the impact the development will have on the wildlife-rich area.