Squaw Valley Clears Development Hurdle
This rendering shows what the base area will look like after redevelopment (Squaw Valley Tomorrow)
Squaw Valley officials say completion of final design and plans for the multi-decade project can get underway after Placer County approval of its ambitious development plans for the base area.
The project at the Lake Tahoe resort reflects a trend among Western resorts to upgrade into order to keep up with their international and domestic competitors. Officials recognize that the pre-eminence of Squaw Valley in the 1960s and 1980s has waned, due greatly to the lack of concerted updating and reinivigorating the property.
About 90 percent of the project lies on existing parking lots, according to resort officials, and calls for an overhaul of existing retail outlets, and construction of about 1,500 new beds in some 750 lodging units. The initial work on the project would include ski in/ski out lodging, fractional cabins on the west side of the base area, and the Mountain Adventure Camp – a 90,000 square foot rec center that sits partially on the previous center’s footprint.
The timeline for completion of the $1 billion project extends out as far as 25 years, and initial work won’t begin until planning approvals can be secured for each portion of the development.
“Each lot that is to be developed will be subject to a similar public review and approval process that includes opportunity for community input, so nothing is immediately going to start in the way of construction,” Squaw’s Jess VanPernis Weaver told SnoCountry.com, noting that actual construction may not begin for a couple of years.
The project sits on 22 parcels owned by KSL Capital Partners, which bought the resort in 2010 from closely held interests that stretch back to the 1949 opening of the mountain. Recently, Squaw Valley and neighboring Alpine Meadows joined forces.
Opening day for the 2016-2017 season is slated for Nov. 23, weather permitting.