The site was destroyed during the 2019/2020 bushfires, but a new 40-year lease has been signed, kickstarting the construction process to rebuild.

Kevin James Blyton, chairman of the Blyton Group said the announcement is a major step.

"In the aftermath of the fires, we committed to building a bigger and better Selwyn and we meant it" he said,

"I'm very pleased that the long-term future of Selwyn Snow Resort has been secured.

"The commitment we are making today is a significant financial investment, over and above any insurance proceeds. It is a sign of my group's commitment to the long-term future of the resort."

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The rebuild on-site has started following planning approval granted by the NSW Department of Planning in mid-February 2021.

This will see the reconfiguration of visitor infrastructure, with the expansion of the Selwyn Centre that will house all guest facilities and services in the one building.

It will also be home to the expanded ski and snowboard hire, food and drink offerings and toilet amenities.

The resort will feature new snow play experiences with dedicated facilities and services to support them, including the construction of Australia's premier toboggan park featuring a dedicated 150-metre snow carpet for guests to use.

There will also be the creation of a 'Winter Wonderland', "the first of its kind" in Australia, which will see the introduction of a range of new snow play products in the coming years including a tubing carousel, skating rink with bumper cars, kids snowmobiles and a miniature enchanted village.

Selwyn's snowmaking capability will more than double, with the installation of equipment provided by TechnoAlpin.

The resort will be the first one in the southern hemisphere to install brand new TT10 snow machines, which enable snowmaking at temperatures more than two degrees warmer than the previous system.

Josh Elliott, chief operating officer of the Blyton Group, said that the rebuilt resort will be worth the wait.

"We believe the new Selwyn will deliver exciting, innovative and targeted new product offerings not currently on offer anywhere else in NSW," he said.

"We are fully focused on the rebuild and are excited for the future of the resort.

"An announcement will be made in the coming months regarding the reopening timeframe for the resort".

Deputy Premier John Barilaro said for decades Selwyn Snow Resort has hosted family skiing and snowboarding adventures.

"When it was lost in the fires it was a devastating blow to locals and avid skiers Australia wide," he said.

"The work started now will deliver modern infrastructure to transform the Selwyn Snow Resort we've known and loved into a truly world-class family snow park, that accommodates more visitors from a range of backgrounds and directly creates local tourism industry jobs."

Environment Minister Matt Kean said the finalised 40-year lease agreement with NSW National Parks gives the operators the certainty they need to invest in the new and improved community asset.

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