BOISE, Idaho – Tamarack Resort, the first new destination resort with skiing in the U.S. in 20 years, today announced the final approval of its water right permit. The final appeal period concluded January 20, 2003, without further challenge by the citizens group in Valley County that had objected to the water right. The project’s sponsors can now launch detailed planning for real estate development in 2003.

“Our successful completion of the water rights process is a catalyst to meaningful growth for Tamarack Resort,” said Jean-Pierre Boespflug, chief executive officer. “Our programming, financial strength and environmental safeguards were subjected to a comprehensive review by Idaho’s water authorities, and we are gratified that we again have passed muster.”

Tamarack was granted a water right for the use of 8.6 cubic feet per second of ground water, up to a maximum of 1,248 acre feet per year. In its approval, the Department of Water Resources noted that this is “a modest water use, diverting less water to 3,608 acres of land than is generally approved for irrigation of a 450-acre farm.”

“Tamarack’s goal is to become the most environmentally sensitive resort ever developed, and our use of these waters will be carefully considered in light of that priority,” Boespflug said. “We already have committed to the State Departments of Lands, Fish and Game, and Environmental Quality-as well as to Governor Kempthorne-that upon final approval, we will no longer divert our existing surface water rights and leave this water in the creeks for the benefit of fish and wildlife and to improve the water quality of Lake Cascade.”

In its order issuing the permit, the Department of Water Resources noted that, because of Tamarack’s commitment to leave water in the streams, “a primary impact of the proposed ground water use is a benefit for wildlife.”

Specific building plans for 2003 are being crafted.

Tamarack Resort has been approved by the Idaho Land Board and the Valley County Commission to develop approximately 3,600 acres as the U.S.’s first destination resort with skiing in 20 years. The resort master plan calls for construction of up to 2,000 units of housing, alpine skiing and snowboarding on a mountain with 2,800 vertical feet, a championship golf course, and world-class Nordic skiing, cycling and adventure opportunities.

Tamarack is situated on the northwest corner of Cascade Lake west of Donnelly, Idaho – a two-hour drive north of Boise. The resort lies at the foot of the largest mountain wilderness in the lower 48 states – the Frank Church River of No Return wilderness.