Yeah, it was a whacky idea that did`nt work so well. In 1951, they built a tram from Govy to Timberline Lodge using old city busses hung from cables. There is talk today still of a viable tram connecting Govy with Timberline and there has even been talk of an extension across White River Canyon to the top of Vista at Mt. Hood Meadows. Besides Forest Service authorizations, the greatest challenge to such a proposal would be the intense winds that occurr on Vista, making such a tram unreliable. Still, some pretty interesting history. Here are a few pics of the old buggar and some links to several Portland and Mt. Hood historical sites.
Mt Hood
Skiway(1951) | Mt. Hood Tram Website