Squaw’s KT-22 peak leased through 2064
July 31, 2008
Expert skiers and riders flock to Squaw Valley USA every season to shred the vertical terrain below the KT-22 chair lift.
Now, winter enthusiasts will be able to tackle the sought-after mountain face for the next 57 years thanks to a lease signed with Troy Caldwell on Wednesday.
“This ensures that KT as we know it will continue to be available to Squaw skiers and riders,” said Squaw’s Vice President Tom Murphy.
Caldwell owns the property between Alpine Meadows and Squaw Valley, including the top crest of KT-22, which he purchased from Southern Pacific Land Company in 1990.
With the 460-acre purchase, Caldwell inherited the lease agreement that Southern Pacific had with Squaw, Murphy said.
The agreement was set to expire in 2014, but the three-year-long negotiations have now extended the length of the lease until 2064, Murphy said.
Recommended Stories For You
Rising 2,000 vertical feet from the base of Squaw Valley, KT-22 was voted best lift in North America by SKI Magazine in 2004, said spokeswoman Savannah Cowley.