The District is giving its blessing for the Squamish Rope Runner Aerial Adventure Park to stay in town — but it will cost more.
The aerial rope course’s lease will be extended for another three years and four months, from July 3, 2022 to Nov. 2, 2025.
It was set to expire on July 2, 2022.
Neil Plumb, the municipality’s manager of real estate, said that the rates will go up to $23,216.21 per year, up from the current price of $16,198 per year. The security deposit will be $5,000.
As per the current lease terms, Rope Runner is to provide an additional percentage rent of 4% of the tenant’s gross sales above $405,000 per year, he said, in an emailed statement to The Chief.
The park was built and opened in 2017.
Local developer Mario Gomes launched the attraction with the help of KristallTurm, a German company.
Pre-pandemic, the park was set to reopen May 1 for the season, but has not yet done so.
No one from the park was immediately available to comment for this story.