Whistler Blackcomb Callaghan Valley. The British Columbia government paid $600 million for major upgrades to the Sea-to-Sky Highway, which carried the majority of visitors to the alpine sites. In 2006 Intrawest was purchased by the alternative asset management firm, Fortress Investment Group. Three weeks before the opening of the 2010 Olympics, Fortress failed to make payment on its loan used to buy out Intrawest. This caused its creditors to force Intrawest to divest itself of several of its resort holdings in 2009 and 2010 which included a partial sale of Whistler Blackcomb, in order to reduce its debt load. This was achieved
Tsaghkadzor ski resort Tsaghkadzor ski resort Tsaghkadzor Ski Resort, is a sports and tourists facilities located just above the Armenian town of Tsaghkadzor of Kotayk Province, approximately 60 km north east of the capital Yerevan and the Zvartnots International Airport. It was opened in 1986 adjacent to the Tsaghkadzor Olympic Sports Complex. The town of Tsaghkadzor is located at 1750m above sea level on the southeast slope of mount Teghenis. During Soviet times, the lifts and other sporting facilities were built to prepare Soviet athletes for the 1988 Winter Olympics. The town was further developed into a ski resort and later fully modernized