Donner Lake is located just south of Highway 80, and is centrally located to Sugar Bowl, Squaw-Located off highway 80, Truckee CA has many diverse communities to fit your needs and budget. Truckee is centrally located to Northstar, Squaw-Alpine, Sugarbowl, Donner Ski Ranch, and Royal Gorge Ski areas. You are also close to Lake Tahoe, Donner Lake, and Prosser Reservoir for your summertime water activities. Truckee offers fine dining, shopping, hotels, restaurants, and night life. If you are looking for gambling, you can find a variety of gambling establishments in Reno Nevada just 30 minutes away!