The
Washoe people inhabited the area around
Lake Tahoe for thousands of years and used present-day Olympic Valley as a summer tribal ground. The first Europeans passed through the valley during the 1849
California Gold Rush. A hay ranch was established in 1862.
George Wharton James, author of the book
The Lake of the Sky doubts the mines were salted with ore and suggests that the energetic prospector Shannon Knox started the mine in good faith. During his vacation, Cushing toured the valley at Poulsen's invitation and decided to invest in building a ski resort there. and Cushing replaced Poulsen as president of the Squaw Valley Development Corporation by October 1949. Squaw Valley Ski Resort opened on
Thanksgiving Day 1949. The resort was constructed with $400,000 raised by Cushing, including $150,000 of his own money.
Olympic Games In 1954, Cushing began lobbying the
International Olympic Committee to host the 1960 Olympic Winter games after he saw an article in the
San Francisco Chronicle that detailed a bid by
Reno, Nevada to host the games. The games resulted in major infrastructure improvements to the area. The Placer County Sheriff's Office and a medical group opened local facilities. In September 1958, the
United States Post Office Department began a mail service to the valley via the
Tahoe City Post Office. Mail was postmarked "Squaw Village" to avoid confusion with the Fresno County community, where the department was studying reopening a post office. On December 1, 1959, a branch office opened at the
Olympic Village to serve the Olympic Organizing Committee and California Olympic Commission. At the behest of Representative
B. F. Sisk of Fresno County, It was the first post office to be specially built for an Olympic Games. Mail clerks spoke five languages and had access to the event's interpreters' center. The state widened
California State Route 89 to
Truckee and expedited construction of
Interstate 80 to connect Truckee to
Sacramento. Across the Nevada state line, the first terminal building of
Hubbard Field in
Reno was completed in time for the games. The 1960 Winter Olympics were the first Winter Olympics to be televised live and attracted millions of viewers. However, after the games, the area entered a period of decline that lasted until the 1980s.
Recent years In 2010, Squaw Valley Ski Resort was acquired by KSL Capital Partners, terming what they called a "renaissance" for Olympic Valley. With its acquisition, KSL announced $50 million in improvements to Olympic Valley. The total amount was increased to $70 million when
Squaw Valley and Alpine Meadows merged in October 2011. Investments include upgrading chair lifts and snow-making and grooming equipment. In 2016, Squaw Valley Ski Holdings submitted a final application for entitlements for its proposed Village at Squaw Valley Specific Plan, a $1 billion plan that prompted the
Attorney General of California to write a letter of concern to Placer County. 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 20 "significant but unavoidable" impacts. Sierra Watch, a California-based conservation advocacy group, started a
grassroots campaign to "Keep Squaw True", holding public events and circulating an on-line 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 (CEQA) in December 2016. In 2017, resort owners added a roller coaster to their development proposal. In 2022, the
United States Board on Geographic Names officially renamed the surrounding valley to Olympic Valley, matching the community's name, as part of a program to remove "
squaw" from the names of geographic features across the country. ==Geography==