Canyons Village Management Association Workforce Housing

Possible Scenarios:

1163 People, 900 Accommodated by 2021 (On-Site) Scenario “A” 1163 People, 900 Accommodated by 2021 (On-Site)

Scenario “A”

Possible Project Location Hwy 224 Canyons Resort Drive To Resort Core LV13 Road Lower Village Road Proposed Property Cabriolet Lift Terminus

Site Accessibility 100% of housing located in “Employment Center” Adjacent to Transit Center Pedestrian Access to the Village Direct Access to the Cabriolet Access to Mountain and Ski Trails Car and Bike – Sharing Programs 3.1 miles to Kimball Junction (access via transit) 4.2 miles to Historic Old Town (access via transit)

Possible Amenities Ski, Bike, & Golf Storage Community Kitchen/Dining Area Laundry Facilities Fitness Center Social Lounge Entertainment Room On-Site Property Management Office

Number of People Accommodated in Lower Village Anticipated Timeline: Estimated 900 @ 4 Floors Estimated 740 @ 3 Floors Start Construction in 2018 Complete Construction in 2021 Unit Configuration Density Initial Design Consists Of: Studio/1 Bedroom/2 Bedroom 340 to 640 sq. ft. Max Occupancy: Studio/1 Bedroom – 2 People 2 Bedroom – 4 people Estimated 160,000 plus amenity space * Accommodations for 263 to 423 tied to the development of the Red Pine Area when developed.

Remaining Workforce Housing Accommodations for an additional 263 to 423 will be tied to the development of “Red Pine Village”, and will be the obligation of the developer. Timeline Triggered in connection with the development of Red Pine Village Location The responsible developer may choose to locate these accommodations on-site, off-site, or a combination of both.

100% 100% 66% 33% Proposed WFH Timeline WFH W/SPA Buildout Timeline 90% 80% 70% 66% 60% Proposed WFH Timeline VS. WFH W/SPA Buildout Timeline 50% 50% 40% 30% 33% 20% 10% 0% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Anticipated Year Of Development

1107 People, 100% On-Site, 1107 Accommodated by 2021 Scenario “B” 1107 People, 100% On-Site, 1107 Accommodated by 2021

Scenario “B”

LV6 Parcel LV6

Benefits of the LV-6 Location Same Site Accessibility and Amenities as Scenario A with the addition of the following: Removes the potential of 400,000 sq. ft. of density Reduction of traffic associated with density reduction Parcel characteristics allow for improved site planning/configuration Larger parcel acreage potentially allows for multiple housing product types and additional outdoor amenities

Number of People Accommodated on LV6 Anticipated Timeline: Start Construction in 2018 Complete Construction in 2021 Estimated 1107 @ 3-4 Floors Unit Configuration Density Initial Design Consists Of: Studio/1 Bedroom/2 Bedroom 340 to 640 sq. ft. Max Occupancy: Studio/1 Bedroom – 2 People 2 Bedroom – 4 people Estimated 220,000 – 250,000 sq. ft. * Accommodations for 263 to 423 tied to the development of the Red Pine Area when developed.

100% 100% 66% 33% Proposed WFH Timeline WFH W/SPA Buildout Timeline 90% 80% 70% 66% 60% Proposed WFH Timeline VS. WFH W/SPA Buildout Timeline 50% 50% 40% 30% 33% 20% 10% 0% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Anticipated Year Of Development