LINCOLN, New Hampshire — New Hampshire’s Loon Mountain is on the way to making its long-awaited South Peak expansion a reality for next winter. The new South Peak is set to debut this December. Loon Mountain is New Hampshire’s most-popular ski resort and one of New England’s top winter destinations.

Over $10 million is being invested this summer to build a brand-new, high- speed quad chairlift which will serve nearly 50 acres of new intermediate and advanced terrain, and a connector quad chair which will link South Peak to Loon Mountain’s existing lift and trail network. These new lifts and terrain represent only 35% of the total planned on-mountain expansion.

Avid skiers, riders and White Mountain vacationers can follow the progress of the project through the summer at loonmtn.com.

Centex Destination Properties is working with Loon and developing nearly 400 acres of prime real estate between the mountain and the Pemigewasset River. South Peak Resort on Loon Mountain will be an upscale, four-season mountain destination including private ski-in/ski-out and riverside custom homes and condominiums with premium amenities.

Planned amenities include The South Peak Club, featuring an indoor/outdoor pool pavilion, hot tubs, massage studio, fitness center, theater room, dining facility, and skier services. Hiking and biking trails throughout the Resort will offer opportunities to bike or stroll through the woods and along the river and outdoor fire hearths will become natural outdoor gathering places.

Phase I of the project, which began in November 2005, included infrastructure development and 67 single-family home sites. Phase II plans, which include slopeside condominiums, a resort lodge, amenities and a portion of the on-mountain expansion, got the green light last August when Centex completed a land purchase from the Loon Mountain Recreation Corporation. An eight to 10-year build-out of the Resort is projected.

Centex also received site plan approval for the Timberline Village area of the resort from the town of Lincoln, and detailed planning is now underway. Completion of the initial Riverside Terrace Condominiums, which sold out in approximately 10 hours last fall, is planned for this summer and fall.