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Intrawest Plans $184-Million Tahoe Resort

December 10, 1996|Times Staff and Wire Reports

Vancouver, Canada-based Intrawest Corp. said it will spend about $183.9 million to build a year-round resort village at the base of Squaw Peak at Lake Tahoe. The Canadian resort operator said it will, through an agreement with Squaw Valley Ski Corp., acquire and convert land currently used for parking into a pedestrian village with restaurants, shopping and nightclubs. The resort will have about 700 residential units and 110,000 square feet of commercial space, the company said. Intrawest also has resorts at Mammoth Mountain, Keystone Resort in Colorado, Stratton Mountain in Vermont and Snowshoe Mountain in West Virginia.

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