Mad River Glen was founded in 1947 by Roland Palmedo who led a group of investors that included members of the Rockefeller family. Palmedo was one of the founders of the Mt. Mansfield Lift Company which built the first chairlift at Stowe Mountain Resort. Palmedo wanted to create a ski area for dedicated skiers, with a minimum of commercial interests and amenities. The Single Chair was completed and first operated in 1948. Additionally, five trails (Catamount, Chute, Fall Line, Porcupine, and Grand Canyon) and a small base lodge (still referred to as the "basebox") were also completed at that time. Over the next few decades, 3 double chairlifts and a rope tow for a children's learning area, and many new trails were added.