Opportunity:

Realize value from regional and local market by developing residential lots for sale

Project Summary:

• Develop 100 acres next to local ski hill in phases
• First phase 17 acres with 46 lots
• Subsequent phases secured by way of fixed price option at $10,000 per care

Results:

• 9 lots sold for $1.22 million
• Servicing of 1st phase substantially complete