The Cross Roads Venture started in 1999. State bought Indian Plateau in 2011. Here is excerpt from and link to Watershed Post article:

In its current form, the Belleayre Resort project includes plans for a 250-bed hotel and a 120-bed hotel, over 250 fractional-ownership condos and other housing units in various buildings, and an 18-hole golf course. Read on….

http://www.watershedpost.com/2013/dec-releases-new-draft-plans-belleayre-resort-and-ski-center