Caldwell had studied architecture in college and also built houses in the summer months, building one to live in and another as a rental unit.
[4] Caldwell and his wife dreamed of opening a mountain ski lodge, and the land that he was interested in he found out was owned by Southern Pacific Railroad.
[4] As of 2014, Andy Wirth of KSL Capital Partners and Troy Caldwell have been working on using the land to interconnect Palisades Tahoe and Alpine Meadows.
[7] In 2019 Caldwell received a response from Placer County regarding his plans to build 38 single-family homes, 14 guest units, housing for employees, a lodge, and only two ski lifts.
[7] In 2022, Palisades and Alpine Meadows opened the base-to-base gondola, with about half of the towers on White Wolf Mountain land.
The two resorts will retain their distinct identities but unite under common management dominated by Squaw's Valley's parent company, KSL Capital Partners.
[2] If connected via White Wolf, the combined ski area would be the second largest resort in North America, only slightly smaller than Whistler Blackcomb.
[2] There have been many rounds of litigation, with the California Supreme Court ruling in 2000 that Caldwell was allowed to open his proposed chairlift, subject to limitations.
[citation needed] Some indication exists that Palisades Tahoe's new ownership, KSL Partners, is seeking to work with Caldwell, and put aside their differences.