In 1997, the resort's first high-speed detachable quad chair, Dreamcatcher, replaced Bannock, and the Shoshone double chair was replaced with a fixed-grip quad. Through a land exchange in 2004, the Gilletts acquired ownership of Grand Targhee's base area. Planning has begun for the future development of Grand Targhee Resort including an expansion of Peaked Mountain facilities and a proposed expanded base area with more lodging units. In the summer of 2016, the Blackfoot double chair was torn down to make way for the new Blackfoot highspeed quad chairlift.