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Fantasy Inn wants to expand

Michael Schneider

South Lake Tahoe Revelopment Agency members Tuesday will consider major revisions of a 1994 agreement to expand Fantasy Inn.

The revision would eliminate the agency’s responsibility to purchase the former Union Station, leaving that acquisition up to Stratton Investmenbts, Inc., current Fantasy owner.

In return, the redevelopment agency would agree to hold Stratton harmless for all environmental hazards on site. “The agency shall convey the properties free of all underground tanks and structures and hazardous materials,” according to the proposed agreement, although the agency does not own the property.



The agency also would agree to transfer the Alder Creek Animal Hospital parcel as is, along with the rights to 20 tourist units from the Ski Run area.

A staff report said the UnoCal facility, in 1994, would have cost $600,000 to acquire, but since the improvements have been demolished and the property devalued, the purchase may only cost $375,000 today.



In order for the Fantasy Inn to acquire the property, it must first complete the direct purchase of the UnoCal parcel, receive approval for its expansion project from the Tahoe Regional Planning Agency and city planning staff, apply for a building permit and demonstrate the ability to finance the expansion to the satisfaction of the agency.

A 20-room expansion of the inn would call for the implantation of as many as 40 new sewer units.

The agency’s share of the transfer fees for these sewer units could cost about $37,000.

Before the addition can be built, the developer must gain approval from the TRPA, California Regional Water Control Board, and Lahontan Regional Water Quality Control Board.

According to Jaye Von Klug, the city’s redevelopment manager, the process to transfer the property for the expansion of the Fantasy Inn won’t cost any money.

Who: The South Lake Tahoe Redevelopment Agency

Where: Council Chambers, 1900 Lake Tahoe Boulevard

When: 4 p.m., today

Tahoe Daily Tribune E-mail: tribune@tahoe.com

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