Project Description and Fact Sheets The proposed Belleayre Resort at Catskill Park will be located in the Central Catskill region of New York State near the intersection of the boundaries of Delaware County, Ulster County and Greene County. The site consists of 739 acres adjacent to the existing New York State owned Belleayre Mountain Ski Center located approximately 35 miles west of the City of Kingston, accessed from Exit 19 of the New York State Thruway and NYS Route 28; less than 2 1/2 hours drive from the New York metropolitan area. The enclosed Master Plan and photographs show the layout and design concept of the proposed project’s 218 acres of area to be developed. The overall Resort centers around two distinct hotels; Wildacres Resort with an 18 hole championship golf course designed by Davis Love III and Highmount Spa Resort both with an extensive program designed to give visitors access to the many specialized outdoor experiences unique to the Catskill Region. Regional Recreational Opportunities found at or through the Resort Golf Tennis Swimming Hiking Biking Mountain Biking Downhill Skiing Cross-country Skiing Snowboarding Snow Shoeing Ice Skating Ice Wall Climbing Rock Wall Climbing (indoor & outdoor) (on & off site) (on & off site) (on & off site) (Belleayre Mountain Ski Center) (Belleayre Mountain Ski Center) (Belleayre Mountain Ski Center) Belleayre Resort at Catskill Park Bungee Trampoline Zip-line Course Rappelling Archery Volleyball Croquet Horseshoes Bocci Ball Target Shooting (off site) Fishing (off site) Canoeing (off site) Kayaking (off site) Boating / Sailing (off site) River Tubing (off site) PROJECT DESCRIPTION AND FACT SHEET For more information contact: Jack H Schoonmaker, Project Manager (845) 254-4090 or e-mail: jhschoonmaker@belleayreresort.com page 1 of 10 Crossroads Ventures, LLC PO Box 466 Highmount, NY 12441 Wildacres Resort Wildacres is planned to be a family oriented 3.5 - 4 star, four-season Resort with its focus on the many different types of outdoor recreation. The following are the development components proposed: 1. Main Hotel Building designed by Robert Lamb Hart of Hart-Howerton (located directly across from the upper entrance to the Belleayre Mountain Ski Center) 208 hotel units and 42 Fractional Interest lodging units Resort-related shops Two restaurants Conference Center with 500-seat auditorium, 200-seat ballroom & 8 meeting rooms Fitness Center & Indoor Pool Full Service Spa with 15 treatment rooms and a grotto pool Two outdoor tennis courts LEED Silver or better certified 2. Highmount Golf Club 18-hole championship golf course designed by Davis Love III (organically maintained) Clubhouse directly connected to the Hotel with a Snack bar, Pro shop, Locker rooms, Equipment and Cart storage. Practice range and practice green 3. The existing Marlowe Mansion (c.1902) is to be renovated as a Social Hall for Resort guests w/ Library, Meeting Rooms, Game Rooms and an Activities Lawn. 4. 163 detached lodging units in 18 three story multiple-unit buildings clustered in the northeast portion of the site and near the hotel. The units, averaging approximately 1,500 square feet on a single floor, will be housed in buildings that contain up to 10 units with basement level parking. 5. New Community Clubhouse with recreation amenities for detached lodging unit occupants. 40-seat snack bar Outdoor swimming pool Health club Two outdoor tennis courts Game rooms 6. Wilderness Activity Center – adaptive re-use of the former Highmount Ski Center buildings. Café with lounge and library outdoor products sales and rental shop Locker rooms and weight training room Staff to include guides to direct Resort guests to other off-site recreational uses Jacuzzi, sauna and steam room Shuttle access for Resort guests (to/from indoor rock climbing wall Wildacres and Highmount) outdoor rock/ice climbing wall enlarged outdoor deck Belleayre Resort at Catskill Park PROJECT DESCRIPTION AND FACT SHEET For more information contact: Jack H Schoonmaker, Project Manager (845) 254-4090 or e-mail: jhschoonmaker@belleayreresort.com page 4 of 10 Crossroads Ventures, LLC PO Box 466 Highmount, NY 12441 Highmount Spa Resort Highmount is planned to be a 5-star, four-season resort focused on spa and wellness center facilities and providing ski-in/ski-out access to Belleayre Mountain Ski Center trails. The following are the development components proposed at Highmount. 1. Main Hotel/Spa Building designed by Emilio Ambasz 120 hotel units and 53 fractional interest lodging units Café and sundry shop 125-seat restaurant 50-seat lounge Full Service Spa - 30 treatment rooms, lap pool, Fitness facilities & cafe Executive conference center LEED Silver or better certified 2. Adjacent Lodge Building (also LEED Silver or better) – Twenty-seven fractional interest lodging units are within one building with one common room for owners. 3. Detached Lodging Units –16 units down hill from the hotel/spa in 8 duplexes 4. Auxiliary Conference/Wellness Center; this will be an adaptive reuse of some of the Leach Farm original buildings. 5. Skiing Lift from hotel/spa building to a new Warming Hut at the top of the former Highmount Ski Center. Trails – two down from the top of the former Highmount Ski Center, and one from the hotel/spa down to the bottom of the former Highmount Ski Center. Belleayre Resort at Catskill Park PROJECT DESCRIPTION AND FACT SHEET For more information contact: Jack H Schoonmaker, Project Manager (845) 254-4090 or e-mail: jhschoonmaker@belleayreresort.com page 6 of 10 Crossroads Ventures, LLC PO Box 466 Highmount, NY 12441 Overall Project Benefits Construction Period Benefits: (anticipated 8 – 10 year build out period) Estimated Resort Construction Cost: $364.72 million o Ulster County : $333.78 million o Delaware County : $30.94 million Construction Jobs: 2176 person years of employment Construction Job Wages & Salaries: $112.70 million Total Economic Effect from Construction of the Project: $703.07 million Total Local & State Tax Revenues Generated by Project: $16.85 million (exclusive of Real Estate Taxes) Operational Period Benefits: Jobs: 541 Full–time 230 Part–time / Seasonal Highmount Spa Resort: 44 Full–time Salaried Jobs 230 Full–time Hourly Jobs 88 Part–time Hourly Jobs Wildacres Resort: 46 Full–time Salaried Jobs 221 Full–time Hourly Jobs 142 Part–time Hourly Jobs Average Salary of Average Wages of Average Wages of Average Salary of Average Wages of Average Wages of $56,500 $14.90 / hr. $14.60 / hr. $56,700 $14.70 / hr. $13.35 / hr. Annual On-Site Resort Wages & Salaries: (after full build-out) $24.85 million Annual Economic Effect on Regional Economy: $167.94 million Annual Off-Site Spending by Resort Guests in area businesses: (after full build-out) $10.64 million Tax Benefits: Upon full build out the Resort will generate an estimated annual property and school tax revenue increase of $2.1 million to the benefit of the Town of Shandaken and Ulster County, as well as an annual property and school tax revenue increase of an estimated $1.73 million to the benefit of the Town of Middletown and Delaware County. Belleayre Resort at Catskill Park PROJECT DESCRIPTION AND FACT SHEET For more information contact: Jack H Schoonmaker, Project Manager (845) 254-4090 or e-mail: jhschoonmaker@belleayreresort.com page 8 of 10 Crossroads Ventures, LLC PO Box 466 Highmount, NY 12441 Comparison Table of the original Project presented in the 2003 DEIS and the Project as now proposed: 2003 DEIS Project 2013 SDEIS Project Difference (%) Total Project Site (acres) Acreage Developed Acreage Added to Forest Preserve Acreage of Conservation Easement 1,960 573 0 0 739 218 1,189 203 -62% -62% N/A N/A Number of Lodging Structures Number of Hotel Lodging Units Number of Detached Lodging Units 121 400 351 34 370 259 -72% -8% -26% Overall Density (units/acre) 0.38 0.85 +124% Miles of Road Miles of Road on Slopes >20% Acreage of Impervious Surfaces 8.2 5.1 85 1.5 0.1 21 -82% -98% -67% 2 1 -50% Water Supply Private 251,000 gdp Private 145,200 gpd -42% Wastewater private municipal N/A Visual Impact on Forest Preserve Big Indian Wilderness Limited Wild Forest N/A Noise Impact on Forest Preserve Big Indian Wilderness None N/A 872 771 -12% Component Number of Golf Courses Jobs Created Belleayre Resort at Catskill Park PROJECT DESCRIPTION AND FACT SHEET For more information contact: Jack H Schoonmaker, Project Manager (845) 254-4090 or e-mail: jhschoonmaker@belleayreresort.com page 9 of 10 Crossroads Ventures, LLC PO Box 466 Highmount, NY 12441 Quantitative & Qualitative Comparison of the original Project presented in the 2003 DEIS and the Project as now proposed: The size of the project, in terms of its area to be developed, has been reduced by over 60%. The size of the project, in terms of its number of lodging structures, has been reduced by over 70%. The size of the project, in terms of its total number of lodging units, has been reduced by 143 units, (19%) The size of the project in terms of its single family home subdivision has been reduced by 100% The length of proposed roads and the total amount of proposed impervious surfaces have both been reduced by approximately 80%. Roads on lands with slopes greater than 20% have essentially been eliminated. Nearly 1,200 acres of land formerly proposed for development are now in State ownership to become New York State Forest Preserve lands 203 acres of land have been placed in a Conservation Easement held by the City of New York. With the exception of a very small portion of the Wildacres site (+/- 12 acres), stormwater discharges to the sensitive Ashokan Reservoir and Watershed Basin have been eliminated. Detached lodging units proposed to be built only on slopes less than or equal to 20% will provide significant stormwater management benefits for this project. This commitment by Crossroads is an enhancement beyond current NYSDEC and NYCDEP regulatory standards for steep slope construction. Impacts to views from the Wilderness Area lands in Forest Preserve have been eliminated. Two previously proposed private wastewater treatment plants have been eliminated, and treatment is now consolidated at NYCDEP’s Pine Hill Wastewater Treatment Plants. The Big Indian golf course has been eliminated and the remaining Highmount Golf Club was reconfigured to avoid wetland and stream impacts. Moreover, it will be managed in accordance with an Organic Golf Course Management Plan developed in concert with representatives of various environmental parties. The Wildacres Resort, Highmount Spa Resort and the detached lodging units will be designed and constructed with green building design elements as set forth by the United States Green Buildings Council. Crossroads is committed to obtaining Silver or higher rating under the Leadership in Energy and Environmental Design (“LEED”) program for the Wildacres Hotel, Highmount Hotel and Highmount Lodge building. The design of the stormwater facilities at the Wildacres Resort maximizes the use of stormwater runoff for irrigation of the golf course. Performance bonds or some other form of security will be posted to ensure that construction stormwater and sediment and erosion control are carried out in conformance with NYSDEC and NYCDEP permits. Belleayre Resort at Catskill Park PROJECT DESCRIPTION AND FACT SHEET For more information contact: Jack H Schoonmaker, Project Manager (845) 254-4090 or e-mail: jhschoonmaker@belleayreresort.com page 10 of 10 Crossroads Ventures, LLC PO Box 466 Highmount, NY 12441