Our partnership with Intrawest signals a bright new era for Squaw ValleyUSA. Intrawest has a proven track record in the renaissance of world-classmountain resorts. Their resorts retain the original character of thesurroundings while enhancing the variety of experiences offered. Thatincreased variety will translate into a more valuable vacation experiencefor future visitors to Squaw Valley, states Alex Cushing, Squaw ValleysFounder and Chairman.

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

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

This summer, Intrawest will focus its efforts on Phase I, called FirstAscent, to include a total of 139 mountain homes and 19 boutique shops andrestaurants. Each mountain home will be elegantly appointed with customdesigner packages. Suite models are currently on display at the DiscoveryCenter, located south of the Opera House at the base of Squaw Valley. Tolearn more about the sales opportunities for Phase I, and the plans for TheVillage at Squaw Valley USA, stop by the Discovery Center or contactIntrawest Squaw Corp. at 1-877-377-3888 or emailvillageatsquaw@intrawest.com or visit www.intrawest.com/squaw.

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