Canadian police say the cables on the popular gondola ride were deliberately cut.
"I just can't even believe someone would do this".
NowMedia will update this story as more information becomes available.
Each cabin holds up to eight people.
There is now no estimated timeframe for repairs or when the Sea to Sky Gondola will reopen.
"We believe the cables were cut and this was a deliberate act of vandalism", RCMP Inspector Kara Triance told CBC News.
"Our immediate thoughts go out to the entire team at the Sea to Sky Gondola as they respond to this reality".
The cable is 55 mm in diameter and is made up of six strands.
"The entire Sea to Sky Gondola has been affected", Triance said.
She said the impacts on their jobs are still unknown, and that the community hopes to have a plan in place for workers by early next week. There are about 20 towers along the gondola system. "Approximately half of them are on the ground".
Technical Safety B.C., which oversees the safety of passenger ropeways such as gondolas and chairlifts, is also investigating the incident.
The 1.2-mile, 10-minute gondola ride, which gives visitors a view of Howe Sound as it carries them from the ground to the summit almost 3,000 feet above sea level, is a popular tourist attraction.
Police said no one was injured and asked for information from nearby hikers and campers who may have witnessed the incident.
Weeks wrote that she is confident the gondola will be back up in full operation "as soon as they are able", but declined to comment further on how the town might be impacted. "The world's prominent lift manufacturer have given us their best".
The busy attraction was scheduled to open at 9:30 a.m. Saturday, but the company says that it will remain closed for the foreseeable future.
Switzerland-based CWA Constructions SA, a unit of Doppelmayr Garaventa, produced the cabin cars. The attraction gives guests a 10-minute ride, rising to over 2,900 feet above sea level and "provides sweeping views of the Howe Sound and surrounding mountains". The gondola is a major tourism driver in the region.
Hyatt, who owns Love & Confetti Wedding and Event Planning, is now working to help five couples find alternate venues for weddings booked at Sea to Sky in the next two months.
Squamish RCMP officers are investigating the downed Sea to Sky Gondola as a potentially intentional, criminal act.