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
Whistler Blackcomb and under-utilized, because skiers who traveled those slopes frequently had to go all the way to the bottom of the mountain, which was over-skied and icy. This competition had driven development of the two mountains at a rate no other resorts could come close to matching. In 1992, "Snow Country Magazine" voted Whistler the Number One Ski Resort in North America. Similar No. 1 rankings quickly followed from other major magazines, and between 1992 and 2000 it won No. 1 ranking from one of the major magazines every year. In 1996, it became the only resort in history to be