Although some buildings remain, including public works facilities, the community is now officially depopulated due to the geohazard posed by The Barrier, a lava dam holding back Garibaldi Lake that has let go at various points in the past; Rubble Creek, the source of which is Garibaldi Lake, gets its name from the large boulder field created by successive degenerations of The Barrier.

[3] Property owners and residents of the townsite were ordered by the provincial government to evacuate Garibaldi amid much public controversy as to whether it was really necessary or not.

[4] To compensate property owners, lots were offered in the new Pinecrest and Black Tusk Estates subdivisions a bit further north, and out of the way of the debris path from The Barrier.

A new all-season ski resort complex received approval from the provincial government in January 2016, a $3.5 billion project that will take twenty years to complete.

The main facility will include a car-free village with housing, restaurants, and shops linked to Squamish by transit.