For more than a decade, Alterra Mountain Co., the Colorado-based parent company of Palisades Tahoe, has attempted to break ground on a megadevelopment in Olympic Valley next to the ski resort it purchased in 2010. And for more than a decade, Tahoe locals, environmentalists and nonprofits have teamed up to fight it every step.
Last November, the Placer County Board of Supervisors unanimously rescinded its 2016 approval of the proposed build-out. The proposal included 850 high-rise hotel, condo, timeshare and fractional ownership units, along with a 90,000-square-foot indoor theme park and a rollercoaster.