Construction Former
University of Nevada ski racer Wayne Poulsen, purchased the first of what later became Squaw Valley Ski Resort from the
Southern Pacific Railroad. New York lawyer
Alexander Cushing went into partnership with Poulsen to develop the resort. After a disagreement over the resort's future, Cushing gained control of the project and became the chairman of Squaw Valley Ski Corporation. The resort opened in 1949, and Cushing remained its chairman until his death.
1960 Winter Olympics Palisades Tahoe's success can be largely attributed to the visibility that came from hosting the
Winter Olympics in
1960, a direct result of Cushing's effort and determination. During the planning stages for those Olympics,
Innsbruck,
Austria, was the leading choice, but Cushing secured the bid in 1955 after winning over the
International Olympic Committee (IOC) in Paris with a scale model of his planned Olympic site. (Innsbruck hosted the next Winter Olympics in
1964 and again in
1976.) During the Olympics, Palisades Tahoe was designated as
California Historical Landmark Number 724. A marker was placed identifying Palisades Tahoe as a Pioneer Ski Area of America. The marker's plaque commemorated a century of organized skiing in "mining towns in the Sierra Nevada, particularly Whiskey Diggs, Poker Flat, Port Wine, Onion Valley,
La Porte, and
Johnsville". Palisades Tahoe hosted
World Cup races in
1969 with four technical events:
slalom and
giant slalom for both men and women. World Cup racing returned with women's technical events in March
2017 and men's in February
2023.
Ownership changes In 1971, following several years of financial losses, the state announced it would seek bids to buy Squaw Valley. After a bid by John Fell Stevenson failed, Dick Baker and his Australian company
Mainline Corporation successfully bid $25 million plus 1,500 acres from the Poulsens. In August 1974 the Australian company Mainline Corporation collapsed and Squaw Valley was again back on the market for sale. In 1978, Squaw Valley experienced one of the worst cable car accidents in history. On a stormy afternoon late in the season on Saturday, 15 April, the
tram came off of one of its cables, dropped and then bounced back up, colliding with a cable which sheared through the car; four were killed and 31 injured. Squaw Valley was purchased by
private equity group KSL Capital Partners in November 2010. In September 2011, Alpine Meadows Ski Resort and Squaw Valley Ski Resort announced their intention to merge ownership. The merger united the two popular ski destinations under common management by Squaw's Valley's parent company, KSL Capital Partners, LLC. A year later, Squaw Valley and
Alpine Meadows Ski Resort merged under the new umbrella leadership of Squaw Valley Ski Holdings, LLC. The new company started to operate as one, under the combined name Squaw Valley Alpine Meadows, with joint lift tickets, single season passes for visitors, and free shuttles between its locations, but preserves the individuality of the two resorts. In 2017, KSL Capital, in partnership with
Aspen/Snowmass (Henry Crown and Company), formed
Alterra Mountain Company, which then became the primary owner of Squaw Valley.
Alpine Meadows gondola connection Squaw Valley Ski Holdings, LLC sought to connect to the
Alpine Meadows resort with a "Base-to-Base" gondola. A number of conservation organizations, including Sierra Watch and the Sierra Club, considered the proposed gondola a threat to Granite Chief Wilderness. In July 2019 Sierra Watch and Granite Chief Wilderness Protection League filed a lawsuit against Squaw Valley challenging Placer County's approval of the gondola project. In January 2020 the
United States Forest Service issued its Record of Decision approving a route crossing federal lands. In February 2020, the litigants dropped the suit in exchange for Squaw Valley's commitment to implement measures to mitigate the impact towards the
Sierra Nevada yellow-legged frog. The approved gondola was planned to cross the private ski area
White Wolf Mountain, which is owned by Troy Caldwell, who supported the gondola's construction. Construction of the gondola commenced in Summer 2021, and in 2022 the base-to-base gondola finally opened, connecting the Palisades Tahoe resort with
Alpine Meadows, while crossing through neighboring resort White Wolf Mountain. The plan would include 850 hotel and condominium units and a 96-foot-tall "Mountain Adventure Camp" featuring a year-round indoor waterpark. According to the environmental review for the project, new development is projected to add 3,300 new car trips to local roads on peak days, and the project would have twenty "significant but unavoidable" impacts". Sierra Watch created a grassroots campaign to "Keep Squaw True", holding public events and circulating an online petition in opposition to KSL Capital Partners' proposed expansion plan. In November 2016, the
Placer County Board of Supervisors approved KSL's controversial development proposal in spite of opposition from local conservation organizations, including Sierra Watch. Sierra Watch filed suit to overturn those approvals for violating the California Environmental Quality Act in December 2016. In 2017, resort owners added a roller coaster to their development proposal.
Squaw Valley renaming The term "squaw" is an offensive ethnic and sexual slur historically used for Indigenous North American women and the
Washoe tribe, which is native to the region, criticized its use as the name of the resort. In August 2020, the resort announced it planned to change its name. Resort President Ron Cohen said in a statement, "While we love our local history and the memories we all associate with this place as it has been named for so long, we are confronted with the overwhelming evidence that the term 'squaw' is considered offensive." The new name, Palisades Tahoe, was formally announced in September 2021. The Washoe tribe stated it "commends and fully supports the resort management and others who contributed to this milestone decision." After coming to an agreement regarding the name change, the ski resort and the Washoe tribe have been working together in educating resort guests about tribal culture, with the resort launching a Washoe cultural tour and an exhibit on the Washoe way of life. ==Terrain aspect==