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 time in January 1966. Blackcomb mountain, originally a separate entity, opened for business in December 1980. The two resorts underwent a period of intense rivalry through the 1980s and 90s, with constant upgrades and improvements that was unseen at other resorts. By the mid-1990s the area was repeatedly named the best resort in many skiing magazines. Intrawest, the BC real estate firm that developed Blackcomb, purchased Whistler in 1997 and fully merged their operations in 2003. Whistler Blackcomb was the centrepiece of a renewed bid on the part of nearby Vancouver for the 2010 Winter Olympics, which they won in