|Lake Tahoe from a view near the Martis Valley fire lookout.|
An unusual partnership agreement between Sierra Pacific Industries (loggers), East West Partners (developers), and conservation groups Sierra Watch and Mountain Area Preservation have agreed to protect 6,376 acres of land in Martis Valley. This acreage will be a significant area open to the public for recreational use and conservation.
The Martis Valley property includes the Martis Peak fire lookout and part of the Tahoe Rim Trail near Brockway summit. To the north, the property borders with the Waddle Ranch Preserve in Truckee.
Sierra Pacific Industries (SPI) has agreed to sell the land to conservation groups, rather than building homes on it. In exchange for the Martis Valley sale, SPI and East West Partners have agreed to build a housing community on the south side of Hwy. 267 between Northstar ski resort and Brockway Summit.
The agreement has limited the number of housing units to 760 in the area next to Northstar. The market demand will determine the type of housing built.