Yes. Wolf is replacing Treasure with a HSQ right now. The existing 1983 vintage CTEC is going to be reinstalled as the Elma lift, and will run from the Alberta base up to where S'Wonderful meets Navajo Trail- basically this will eliminate the Park Avenue skate to get from Alberta back to the base, and Wolf sees the lift as beginner terrain.
Some local papers have said that the Elma installation is happening this summer, but I think they are wrong- a new lift installation takes a lot more Forest Service review than replacement of an existing lift, and I have yet to hear that they have finished the required environmental (NEPA) review. Wolf's website has Elma listed as 2013-2014.
This is all part of Wolf's 10 year plan to make Bonanza a HSQ, reinstall the Bonanza lift to run down the west side of the divide from the current upper terminal, bring lift service to Spooner hill, add another lift in the "meadows" area that would get rid of the hike on Camino Del Sol, and the infamous tram line proposed running down the ridge East of Horseshoe Bowl.
What they do after Elma depends on how fast the forest service moves to approve things- the "Pass area" (west of Bonanza) and the tram area need SUP boundary adjustments, and the tram area goes into a different national forest, so it is like creating a brand new ski area in terms of the permitting process. Wolf would prefer to build the Pass area next, but if they get hung up on things, they will build Spooner Hill and the Meadows lift. The tram, if it ever happens, would be the last thing in place. I'm skeptical that it will go in just because there will be a lot of environmental concerns, the terrain is pretty nuts, and it would be pretty remote from the rest of the ski area.
I'm of mixed opinions about the project. I don't really like the idea of 4 lifts being added to the Alberta area- I think that will totally change its character. They nixed the idea of a lift serving Knife Ridge that would only run during storm cycles, which I liked a lot- you have to be really, really ballsy to ski the Knife traverse in a storm. Without that lift, basically they will be adding 2 beginner lifts and an intermediate lift (Spooner Hill). My concern with all of this is right now an Alberta run consists of flat 400 feet of steeps, and then 1000 feet of mild untracked snow to just uncork and rip. If they add lifts so a bunch of beginners ski that stuff without having to ski the 40* trees above it, then the expert run becomes flat to 400 feet to snow massacred by beginners.
Basically, the plan is that a new lift will be going in most off-seasons for the next decade. We will see where the lift ticket prices go.