It is owned by the City of Sioux Falls, and co-managed by Great Bear Recreation Park Inc. Great Bear Ski Area was established in 1966 by Ron Clifford and later sold to Dennis Finke and Jerry Dirks in 1969.

Great Bear started out as an old gravel pit with one rope tow and two runs.

The renovation of the Chalet at Great Bear was completed December 2001 and offers a 270-degree panoramic view of the surrounding area.

The park also features a chalet offering a selection of food and beverage and ample seating.

The lodge is also rented out for private events during the spring, summer and fall months including company retreats and weddings.