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A 100-unit cap was initially proposed, but council raised it to 130 to accommodate existing operators.

Marmot Basin has received around 40 centimetres so far this season, and snowmaking began four days ago.

"If it's allowed to keep going forward unchecked, it would be the largest thermal coal mine in Canadian history."

鈥淲e believe the requested action is beyond our jurisdiction,鈥� said Banff Mayor Corrie DiManno.

The federal government has pledged $3 million, and the Alberta government is contributing $2.5 million.

"I don't think the wild-west approach of not having a cap and just letting the market do what it will is actually appropriate in this case."

Jasper represents $625 million in annual tourism spending and accounts for 25 per cent of visitor spending in the Canadian Rockies.

The resort will be operated at a reduced capacity for the immediate future 鈥渢o prioritize safety and ensure an exceptional guest experience,鈥� according to Fairmont.

"Jasper鈥檚 just starting to see the light of day from this horrific natural disaster, and then to be faced with what鈥檚 essentially a corporate disaster."

Initially announced in June, the transaction includes a renewable long-term lease with Parks Canada, with nearly 30 years remaining.