With the turn of the century, Diamond Peak embarked on a two-part, $8.5-million dollar capital improvement project. In 2002, it again expanded and improved the snowmaking system to permit snowmaking capabilities on 75 percent of developed terrain. The mid-mountain Snowflake Lodge was also renovated and expanded with a new wrap-around deck featuring panoramic views of Lake Tahoe and the Sierra Nevada mountain range.
In 2003, Diamond Peak replaced its old Crystal Quad chair lift with a new, high-speed detachable Crystal Express quad to the top of the mountain. The $2.8-million-dollar investment replaced the outdated 16-year-old chair with new technology and cut the ride time in half, getting skiers and boarders to the 8,540’ summit in just five minutes.
In 2008, Diamond Peak spent $4 million dollars renovating the base lodge which included an expanded rental shop, Loft Bar, and a 300-square foot outdoor patio, in addition to the existing wrap-around sun deck, a 300-square foot meeting room, new restrooms, fixtures, siding, and more. In the summer of 2009, Diamond Peak rebuilt its snowmaking system to allow for more efficient snow production. In 2010, Diamond Peak completed a large renovation project with a new Skier Services Building, featuring a plaza area, ticket windows, Child Ski Center, Ski Patrol, and offices.