News Release

8/31/06 - Wildhorse Meadows Breaks Ground
For Immediate Release Wildhorse Meadows Breaks Ground Steamboat Springs, Colorado (August 23, 2006) Construction has begun at Wildhorse Meadows. Local excavation firm, Native Excavating, will move over 300,000 cubic feet of dirt the next 30 days to make way for Steamboat’s newest resort community. The initial ground work is scheduled for completion by the first of October just in time for the snow to fall. Site work, including grading, roads and utilities, on the 47 acre site will continue over the next year with completion anticipated for fall 2007. With plan approvals and start of construction comes the first sales release at Wildhorse Meadows. The homesites at The Range have now opened for Reservations and so far, the response has been very positive. Reservation holders will have the opportunity to select a homesite in early October at a one day Selection Event. “With the start of construction and the first release of homesites at The Range, we are pleased to be able to contribute to the Urban Renewal Authority’s vision for the revitalization of the base area. As of today, Wildhorse Meadows is officially on its way to becoming a part of the Steamboat community”, says Brent Pearson of Resort Ventures West. Wildhorse Meadows is a well-planned, architecturally rich resort community located between the base of the mountain and downtown that offers a wide range of amenities and services rarely found in a resort neighborhood. Connected gondola to the ski area, Wildhorse Meadows includes a mix of housing types including homesites, mountain lofts, townhomes, condohotels and attainable housing. Integral to the vision for Wildhorse Meadows is a sense of neighborhood within the community. Amenities such as a gondola, an athletic club, a country store, a culture and education center as well as neighborhood walking and biking trails have been included within the masterplan to help create this sense of community. Wildhorse Meadows is by being created by the collaborative team of Resort Ventures West and S&P Destination Properties. Resort Ventures West is a Steamboat-based developer, focused on developing, high quality, creative resort communities partnered by David Hill, Brent Pearson and Whitney Ward. Resort Ventures West envisions a cohesive high quality resort community that respects the authentic character and architectural spirit of the area. S&P Destination Properties is a real estate company specializing in the master planning, marketing and sales of resort and luxury real estate across North America. About Resort Ventures West Resort Ventures West is a mountain resort developer. Based in Steamboat Springs, Colorado, the Company operates exclusively in the western United States and Canada. A boutique-style developer, the company’s emphasis is on developing master-planned, creative, high quality resort communities. The principals of the company are passionate about creating quality experiential developments and adhere to simplicity as they guiding principle; they believe that a development is about people and that architecture should serve those people. Resort Ventures West is committed to operating with agility and building with simplicity and creativity. www.resortventureswest.com About S& P Destination Properties S&P Destination Properties is the sales and marketing arm for Wildhorse Meadows. S&P is a world leader in the resort and luxury real estate business. The company specializes in the envisioning, design, marketing and sale of the world’s finest real estate. The S&P brand promise is better real estate, better experiences. S&P’s vision is to bring the finest real estate on earth to those that appreciate the irreplaceable experiences that only come with ownership. www.sprealestate.com Wildhorse Meadows - Contact: Devon Purdy, 970-879-6116 dpurdy@sprealestate.com Resort Ventures West – Contact: Dianna Schoen 970-879-7772 dschoen@resortventureswest.com
Source: Wildhorse Meadows - Contact: Devon Purdy, 970-879-6116
URL: resortventureswest.com

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