From front Mystery company chase by the ski corporation of sxi lift equipment owned by the regional district on its now- closed Kitsumkalum ski hill. Information provided by the ski corporation when the re- quest was made this spring in- dicated the regional district . would become the single largest Shareholder if it accepted the proposal. But that is no longer the case given the recent investment by the unidentified company, said Piffer. The corporation this. week began removing ski lift towers from Kitsumkalum using alarge helicopter, . It will, alsa. use the Kit- sumkalum lift return station but is spending $600,000 on-a new power drive, chairs and other equipment. ; The new power drive mearis 1,200 people an hour can be transported up to ski runs and the other purchases come from new federai regulations affec- ting ski lifts, said project manager Mark Grabowski, Other financial involvement with the ski venture includes $2.6 million’ the province is spending to improve a logging road into the Shames area from Hwy16 and construction of a separate access road. Martin said it wasn’t difficult to raise the $1.5 million but that uncertainty in waiting for other financial arrangements to be made meant the effort was Jonger than anticipated. “One of those was the (tourism) loan and we’ve been waiting for the regional district to make some kind of decision,’’ said Martin in referr- ing to the shares for debt pro- posal, The regional district has ask- ed the provincial government for its opinion on the proposal. Ski corp receives crown land TERRACE — The Shames Mountain Ski Corporation has received a long-term lease of Crown land for its development west of Terrace. An agreement signed last week turns over 3,500ha of land around Shames Mountain for 20 years to the corporation in return for paying the province two .per cent of its ski lift revenues a year. The ski operation to cost just over $2 million for its first phase is scheduled to open this winter. Included in the agreement is a provision for the government to sell the corporation a parcel of land which it can then subdivide for re-sale as lots for cabins, said ski corporation spokesman Larry Krause. He welcomed the agreement not only for the stability it will give the corporation but because it also clears the way for a federal-provincial low-cost tourism development loan first announced two years ago. That loan of just over $500,000 will come in $100,000 portions. It is to be paid off over 20 years at an interest rate of two per cent a year. ““We expect the the first in- stallment to arrive in a very short period of time,’ said Krause, The land use agreement also contains a provision whereby - the corporation must invest all. of its profits for the first five years back into the mountain in return for the province paying $2.6 million for a road to the ski area. That $2.6 million is- being spent to improve a 9km portion from Hwyl6 into the Shames Valley first built by Skeena Cellulose and on construction of a 4.5km section leading to the. ski Brea, Page A2 ~ Terrace Standard, Wednesday, aye 11, 1990 WEDNESDAY THURSDAY FRIDAY JULY 11 JULY 12 FRESH BACK ATTACHED CHICKEN LEGS COOL WHIP TOPPING LEMIT: OHE ADDITIONAL QUANTIMES SOLO AT 4.98 | BATHROOM TISSUE | 2 roll pkg. [oe er Les Ky” Meat Dept. HIGHLINER TUNA ENTREES Asst. Varieties. 270 g. a vi Produce Dept. .OCAL GROWN LONG ENGLISH CUCUMBERS — eee ee ed ee ee ee ee *ER =a “With this coupon and the purchase of one 270 g. package of Hightiner Tuna Entrees, you m| will raceive the sacond 270 g. package of Highliner Tune Entree, FREE, | wilt recelve the second 500 g. package of Otymple Suasge Sticks FREE | *Limit one item per coupon. Coupon valid July 11, 12, 13 & 14, 1990. Coupon must be | | presented at time of purchase. *With this coupon and the purchase of one Local Grown Lon ; Recelve a second Local Grown Long English Cucumber FREE. | *Limit one item per coupon. Coupon valid July 11, 12, 13 & 14, #990. Coupon, must be | presented at time of purchase. Pnnen nee met mr ih re i ts etme nm es ee swe ad es : Peat Dept. OLYMPIC SAUSAGE STICKS 500 g. [60900 | 1! j Presented at time of purchase. SINGLE © Vanilla or Chocolate. L6o915. | | Presented at time af purchase. on es WILLMANS CREME ROLLS *With this coupon and the purchase of one 500 g. package of Olympic Sausage Sticks, you “Limit one item per coupon. Coupon valid July 11, 12, 19 & 14, 1990. Coupon must be g English Cucumber, you will | *With this coupon and the purchase af Mrs, wilmans Single Creme Ralls, you will receive a | second one of Mrs. Willmans Single Creme Rolls FREE. *Limit-one item per coupon. Coupon valid July 11, 12, 13 &'14, 1990. Coupon must be a | 60925 | __ ANNOUCING NEW STORE iioues | Monday Tuesday — Wednesday 9 9 9 Sunday a.m.-9p.m. Thursday a.m.-9p.m. Friday a.m.-9p.m. Saturday 10am. - 8pm. | 9 a.m. - -9 p.m. ~9am.-9pm. | 9a m.- “6 p.m.