City approves time-share amendment | TahoeDailyTribune.com
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City approves time-share amendment

Lisa Marsh

With more of a whisper than a yell, the South Lake Tahoe City Council passed the controversial amendment to allow time-share conversions at Embassy Suites Resort Tuesday night.

No citizens came forward to speak during the second and final public hearing on the topic.

“This is an enabling legislative act, it doesn’t make anything happen,” Councilmember Kevin Cole said.

Although the ordinance allows for conversion of 188 rooms to time shares, proper channels still need to be taken. The ordinance will go into effect in 30 days. At that time, Embassy owners, KOAR-Tahoe Partners, Lp., can submit proposals and apply for permits.

“I think that nobody likes the fact that KOAR has found themselves in this situation,” said Cole. “As a city, we had to facilitate a solution as best we can.”

The city is allowing the change because KOAR has agreed to make the change “revenue neutral.” This means that the city will be receiving a variety of payments to total $3 million to offset the loss of Transient Occupancy Taxes.

“It not only protects the city but has the opportunity to have a financial upside as well,” Cole added.


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