In 2010, Squaw Valley was sold to a private equity firm named KSL Capital Partners. KSL almost immediately acquired neighboring Alpine Meadows in 2011. Their obvious next move was to buy the 460-acre piece of land that lies between the two resorts and connect Squaw and Alpine, thereby creating the largest ski resort in the USA. To make this happen, they’d need to negotiate with Troy Caldwell, the owner of White Wolf, for that 460-acre parcel in between Squaw & Alpine.
Yesterday, I had a phone conversation with Troy Caldwell. We spoke about where he and KSL are at on the negotiating table and how soon they estimate this Squaw-Alpine connect to be completed. Here’s what he had to say (scroll down a bit):
DETAILS of NEW SQUAW-ALPINE INTERCONNECT TIMELINE:
– Interconnect now 2-2.5 years away from completion, not 5-10 years out as previously thought
– Hand shake agreement currently between Troy & KSL, no signed contract
– Still planning for White Wolf ski resort to have both public and private zones
TROY CALDWELL INTERVIEW:
Me: So, how are negotiations going with KSL as far as the creation of the new interconnect between Squaw and Alpine?
Troy: “It’s going well. We’re moving forward and trying to figure everything out. We’re aligned & headed for the same goal.”
Me: Great. That’s what we all wanna hear. So, you’re moving forward, but there’s been talk of a hand-shake agreement and no signed contract just yet.
Troy: “That’s correct. No signed contract, but we have a hand shake agreement.”
Me: Ok, a hand shake agreement sounds like it’s working out so far. What people really wanna know is how far off if the completion of the interconnect? People are very excited to see this “biggest ski resort in the USA” realized. Is the final product still 7-10 years out as you thought it was in our last interview?
Troy: “We’re gonna up the ante on this one and get it done quite a bit quicker than what we previously thought. We’re gonna lop off some time. It was 5-10 years out, now it’s looking like 2-2.5 years away. We’ve got our fingers crossed that we can make everything work out.”
Me: Wow, that’s fantastic. People around here are gonna be fired up about the new timeline. Are you still planning to have your own ski resort with both public and private zones?
Troy: Yes. We are still plan on White Wolf having both public and private zones. We’re gonna do the best we can to make the interconnect work in the best way possible for the big and small people.”
Me: One thing so great about this project is that you know you have the entire community supporting you. People around here respect what you’re you trying to do, they respect you, and they respect your history of being a ski bum, a professional skier, a blue collar guy, and living a life that most of us can relate to.
Troy: “Thanks. Yeah, we’ve got the support of the community and that feels good. There are a lot of hurdles and obstacles to get there. But, if a lot of people want something to happen, it’s usually gonna happen.”
Me: Sounds good. Ok, that’s it. Thanks for your time, Troy. Anything else?
Troy: “Nope, we’re just excited that it’s moving forward and hopefully a little sooner than we though.”
This new information from Troy about the timeline is spectacular. Instead of having to wait a never-ending 10 years and not even know if we’ll still be able to ski by the time it’s done, we’re now only going to have to wait 2 1/2 years, an amount of time that will literally fly right by.
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I want to say thanks to Troy for this interview. I know we are all gonna be ecstatic once we see the first signs of construction begin.
Check out my last two interviews with Troy here: Troy Caldwell Interviews
Learn More about White Wolf:
WHITE WOLF DEATILS:
- 460 acres
- Purchased by Troy in 1990 from Southern Pacific Railroad for $350,000
- Includes 75 acres of Squaw Valley ski resort that includes the upper half of the Olympic Lady chair and the top third of the KT-22 chair.
- Troy was sued multiple times by Squaw Valley over the past 15 years
- Connecting Squaw, Alpine, & White Wolf would create the largest ski resort in the USA
TROY’S WHITE WOLF DREAM:
- A small high-end ski resort
- Gondola & 3 ski lifts
- Mid mountain hotel
- Small village complete with ice skating rink
- Troy understands that all of the above may not come to fruition, but this is his grand vision for White Wolf