Why Squaw is fucked. (Click here to see how to un-fuck it.)
By Andrew J. Pridgen
Before we jump feet first into the water theme park and the specifics of the plan which they all but burnt the edges of to make it look like an old treasure map like you did for a 5th grade project, let’s get a few things straight about KSL Capital Partners/Squaw Valley USA’s planned development.
- Squaw parent company KSL does not give a fuck whether you like them or their plans. KSL is a private equity firm. What they do is purchase poorly managed or undervalued (or sometimes both) resort properties—and find the quickest way to develop, repurpose and turn a profit. Think of them as house flippers. KSL knows the playbook to take the structure down to the studs, spiff it up and sell it to the bigger enterprise that doesn’t want…
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