Draft Lake Tahoe prosperity plan expected to be unveiled next week | TahoeDailyTribune.com

Draft Lake Tahoe prosperity plan expected to be unveiled next week

Matthew Renda
mrenda@tahoedailytribune.com

LAKE TAHOE – It’s no secret the Lake Tahoe Basin economy has been struggling, as evidence both anecdotal and empirical has mounted in recent years.

With that in mind, the Lake Tahoe Basin Prosperity Plan will reconvene on Thursday, July 15, to brainstorm ideas as to how to transform the two states, five counties, 3,000 businesses, one incorporated city and numerous residential areas that make up the basin into a region of economic success and stability.

“(Tahoe) is basically not a pretty picture from an economic standpoint,” said Doug Svensson of Applied Development Economics, a Sacremento-based firm specializing in economic issues.

In past meetings, participants have identified three sectors – called economic clusters – which include tourism with a focus on attracting geotourists, health and wellness, and green building or environmental redevelopment.

These three sectors constitute 66 percent of the basin’s $4.7 billion economy and their future viability is crucial to the future prosperity of the region, according to Trish Kelly of ADE.

The upcoming meeting will feature a presentation of the draft of the prosperity plan. Community residents, local business owners and civic leaders are encouraged to attend and provide input, Kelly said.

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“We have tried to install a number of feedback loops in the process,” Kelly said.

Once ADE refines the draft, the organization will craft a presentation to deliver to the Tahoe Regional Planning Agency, with the hopes of collecting feedback from the environmental oversight agency, said Kelly. ADE hopes to have the plan finalized by late August or early September.

The meeting takes place at 9 a.m. Thursday, July 15, at Embassy Suites in South Lake Tahoe; and at 2 p.m. the same date at the North Tahoe Events Center in Kings Beach.