City OKs redevelopment plans | TahoeDailyTribune.com
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City OKs redevelopment plans

Susan Wood

The South Lake Tahoe City Council decided Tuesday to take the next steps to disband the Tourism Promotion Business Improvement District and another to continue with its redevelopment financing plan.

Neither item drew comment from the public, although the two major issues have been identified as controversial. John Cefalu, who attended the meeting because he’s interested in both, said the votes were a foregone conclusion.

The redevelopment panel extends the city’s bond debt limit from $50 million to $210 million. It also increased the amount of property tax allocated for redevelopment from $150 million to a potential $568 million.

The plan would allow the city to further future plans to revamp the area from Herbert to Stateline avenues or to later revitalize the “Y” to accommodate a pedestrian-friendly village there. Most residents and city officials have agreed the section of town – with boarded-up storefronts – needs an overhaul to give the tax base a boost.

After the meeting, City Finance Director Christine Vuletich said she hopes her department will be able to return the business improvement district fees collected by the 4,400 businesses in town by April. The ordinance approved Tuesday will return for a second reading later this month.

South Shore attorney Dale Sare said his clients suing the city over the fairness and equity of the district would be willing to drop the legal challenge once the money is returned.


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