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Luxury Resort For Reddam

November 11, 2002 - reprint of original article

Paul Reddam, one of the largest Standardbred owners in California has been identified as being part of a celebrity consortium that have announced plans to build an upscale resort near Egmont, British Columbia.

The native of Windsor, Ontario who has enjoyed great success in west coast real estate has joined to be part of the Pacific Northwoods Resources that has purchased a massive $11 million block of lots in the Sunshine Coast village of Egmont. Plans for the complex which is being spearheaded by former Vancouver Canucks Russ and Geoff Courtnall include a high-end lodge, log-style chalets and an airstrip and heliport to ferry visitors back and forth to Whistler.

According to The Province newspaper in Vancouver, the effort is being promoted as a West Coast adventure recreation destination targeting wealthy U.S. travellers, particularly professional athletes.

The land stretches from Narrows Inlet to Jervis Inlet and takes in the better part of an entire mountain which is an area approximately one-third the size of West Vancouver. It is being hailed as the largest real estate deal in the history of the area both in land area and dollar value.

Also identified as being part of the group is Dale Malloch, a Vancouver Island logging contractor.

Geoff Courtnall also confirmed that the group is also negotiating to buy up adjacent land as a long-term investment, especially for Americans looking for a safe haven for their money since the September 11 terrorist attacks in the U.S.

 

ed. note: It is interesting to note how this is touted as a real estate deal....