NIIGATA, Japan -- Myoko Kogen, a ski area in Niigata prefecture on the Sea of Japan, is set to revive as a global resort thanks to a more than 200 billion yen ($1.36 billion) investment by an overseas real estate manager.
The area was a popular destination for skiers during Japan's bubble economy in the 1980s but has since become deserted. It will be redeveloped by Singapore's Patience Capital Group (PCG), which envisions a resort similar to Whistler, a town in Canada and home to a global ski resort called Whistler Blackcomb.
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