Economic Benefits

Garibaldi Mountain Resort will contribute to the sustainable development of Squamish’s natural and economic assets, creating long-term growth and quality jobs directly in the community, while simultaneously contributing to the overall economic success of the Sea to Sky region, BC, and Canada.

Many Squamish residents who currently commute, to Whistler and Vancouver, will be able to work locally and spend more time with their families or doing the things they love.

1
Jobs Created
1000
Dollars Invested

Construction Benefits

The annual sustained economic activity will benefit local residents and businesses over the 20 years of phased construction. According to a study conducted by MMK Consulting for the District of Squamish, there is:

  • A project Capital budget expected to exceed $3.5 billion, much of which will be spent hiring workers and paying for supplies and materials in the Squamish region
  • An average of 1,917 full-time construction jobs per year during the 20-year build-out, 1,080 of which are direct, 836 are indirect

The resort will be built in four phases in accordance with the guidelines of the provincial Mountain Resorts Branch, with the requirement that each phase has to be proven as successful before approvals are given to build the next phase. This policy specifies that land is not released for housing until resort infrastructure is built.

Operational Benefits

When the resort is fully built out, the economic study from MMK Consulting calculated the following ongoing benefits:

  • Tax revenue of $26 million annually with a substantial amount of that going directly to the local government
  • increased demand for local services and products
  • an average of 4029 full-time equivalent operational jobs, 3045 of which are direct and 984 are indirect
  • The proposed resort will strengthen the region’s increasing reputation as an area that is “Hardwired for Adventure”. It will provide year round tourism jobs, the majority of which are above minimum wage. It will provide visitors and residents alike with an increased range of recreational and cultural experiences, public amenities and resort facilities.

When viewed as one component of British Columbia’s overall tourism market, the proposed resort will complement other existing and future destination facilities, thus supporting the overall tourism and economic goals of the Province and the Sea to Sky Corridor, as well as the existing communities of Squamish, Whistler and Pemberton.