Fallis does not dismiss condo resorts entirely. Smaller, better-calibrated concepts may still work, she says, particularly if they are realistic about pricing, financing, amenities, local approvals and operations. “If somebody were to make a run at it with a smaller resort, I think that would probably be achievable and interesting,” she says, adding that some of the larger proposals may simply have been too ambitious for the market and the setting. “Some of these projects, like Luna Bay, are massive.”
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