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Squaw To Begin Construction on Village

Our partnership with Intrawest signals a bright new era for Squaw Valley USA. Intrawest has a proven track record in the renaissance of world-class mountain resorts. Their resorts retain the original character of the surroundings while enhancing the variety of experiences offered. That increased variety will translate into a more valuable vacation experience for future visitors to Squaw Valley, states Alex Cushing, Squaw Valleys Founder and Chairman.

Following the unanimous approval of Intrawests Village at Squaw Valley by the Placer County Planning Commission on October 14th, 1999, Squaw Valley and Intrawest have renewed the option to purchase land currently used by Squaw Valley as surface parking in order to convert it into a $250 million self-contained pedestrian village to include condominiums, restaurants, shops and nightlife. The intent of the village is to create a place that will be the heart of the 21st century Squaw Valley resort and become the hub of excitement for the North Lake Tahoe area, states Tom Jacobson, Vice President of Resort Development Group for Intrawest Squaw Corporation.

Were very pleased that after five years of negotiations, meetings and resolutions, we are now ready to break ground. I enjoy working with Tom Jacobson and Intrawest – this project will be a great addition to the Valley, explains Squaw Valley President Nancy Wendt.

This summer, Intrawest will focus its efforts on Phase I, called First Ascent, to include a total of 139 mountain homes and 19 boutique shops and restaurants. Each mountain home will be elegantly appointed with custom designer packages. Suite models are currently on display at the Discovery Center, located south of the Opera House at the base of Squaw Valley. To learn more about the sales opportunities for Phase I, and the plans for The Village at Squaw Valley USA, stop by the Discovery Center or contact Intrawest Squaw Corp. at 1-877-377-3888 or email villageatsquaw@intrawest.com or visit www.intrawest.com/squaw.

Squaw Valley is located five miles north of Lake Tahoe along the Truckee River on Highway 89. This season the year-round resort celebrates 50 years of dedication to skiing and snowboarding excellence. Offering 4,000 acres of lift served terrain, a snowboard park, ice-skating, bungee jumping, snowtubing, rock climbing, an Olympic Winter Games Museum, shopping, dining and more, Squaw Valley has something for the entire family.