WHISTLER, B.C. - The Whistler Blackcomb mountain resort is planning a renaissance over the next few years that would include real estate developments in the later phases and a price tag of about $345 million.

The first phase of the Renaissance project would cost up to $100 million and include a year-round indoor water-based play area at Blackcomb's upper base.

The resort would also get a new high-speed lift to connect Blackcomb's upper and lower bases.

The project's second and third phases would include real estate developments that may involve a development partner once rezoning is approved.

Phase 2 would cost $105 million to $115 million and include the construction and sale of about 60 townhomes and Phase 3 would cost an estimated $140 million to $150 million and include further real estate development.

Whistler Blackcomb Holdings Inc. (TSX:WB) says the project requires approvals from municipal and provincial governments and successful negotiations with the Squamish and Lil'wat First Nations.