Developer negotiating to buy Timber Cove Lodge and pier
June 14, 2007
A Stateline developer who built the Sierra Shores time share resort and is in the process of constructing the $410 million convention center complex for the South Tahoe Redevelopment Agency plans to expand his reach.
Randy Lane said he’s buying the Timber Cove Lodge and pier but wouldn’t divulge his plans at this time. His Sierra Shores development is within a stone’s throw from the lot, which includes a 265-room Best Western motel at 3411 Lake Tahoe Blvd., Mama’s Red Tomato restaurant, boat concessionaire and the Blue Water Bistro.
The Tahoe Regional Planning Agency and South Lake Tahoe Planning Departments have not received applications at this time, staffers reported.
The sale has not closed, and stakeholders are being hush-hush about the negotiations amid months of rumors.
Bob Hassett, who runs the pier boating concession company, and Gary Mozzochi, who owns Blue Water Bistro, provided no comment.
Phone calls to current owner-operator Bob Maloff were unreturned.
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