The first new hotel in North Lake Tahoe in more than 50 years is on track to become a reality after a favorable Placer County Board of Supervisors vote. The Tahoe City Lodge will be the redevelopment of a commercial property at 255 North Lake Blvd., into a 118-unit hotel with a rooftop bar.
The lodge will be a mix of one- to three-bedroom condo hotel suites. It will also feature a restaurant and parking at the site. Nearly $1.2 million a year in new tax revenue is expected to be generated by the site.
The Tahoe Regional Planning agency handles approval of Tourist Accommodation Units (TAU) required to develop guest lodging in the Lake Tahoe Basin. The Placer County Board of Supervisors voted to loan 60 TAUs to the developer over a 15-year term, while the remaining 58 were secured in a separate transaction.
The project had also received public approval from Keep Tahoe Blue.
Redeveloping older commercial properties and improving lodging stock in North Lake Tahoe’s downtown cores are important goals of Placer’s Tahoe Basin Area Plan.