Hotel groundbreaking set for June 25
June 12, 2007
After a decade of concepts and a handful of various developers, the $410 million convention center project will hit a milestone this month when it breaks ground on the public facility and one of the condominium hotels planned to go in between Highway 50, Cedar, Friday and Stateline avenues.
The ceremony is set for June 25 and is expected to bring out local city officials, nearby businesses and representatives from Lake Tahoe Development Co., a partnership led by Falcon Capital’s Randy Lane of Stateline and DGD Development’s John Serpa of Carson City.
The developers entered into an agreement with the South Tahoe Redevelopment Agency and the parties agreed they would buy up the property and foot the construction bill. In exchange, the city would gain a convention center as it turns over property-, special district- and room tax proceeds over to the developers.
Heavenly Mountain Resort’s parent company Vail Resorts will manage the hotel complex to be named “Chateau at Heavenly Village” – which includes a 16,000-square-foot RockResorts Spa, 1.5-acre park and an assortment of restaurants and shops.
The public will soon end up gaining access to the massive job when the developers put up a staging area for people to view the site – with wooden fencing to block off the 11-acre area.
“We want people to be able to see the site,” said Kevin Lane of Lake Tahoe Development Co.
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Four signs identifying the project as a redevelopment site are due to go up this week to counter the long line of “going out of business signs.” One will go up near Stateline and Cedar avenues and three will dot Highway 50.
The major South Shore thoroughfare is in the midst of a new look with the latest demolitions. The building where the former Discount Ski and Snowboard Shop went down Tuesday. The five-building Holiday Lodge on Laurel Avenue will be demolished in pieces leading up to June 20, with the exception of two sections.
In the meantime, McP’s Pub Tahoe may appear like it’s on a deserted island as the only operating independent business between Friday and Poplar avenues next to the developer’s sales office where Lakeside Landing used to operate. McP’s employees are vying for artifacts to take when the last call hits its building next spring.
“That’s OK,” owner Pete Joseph said. He’s looking forward to opening a new location on Highway 50 next to Harveys Lake Tahoe that will be three times the size.
Joseph intends to put in more pool tables, put up a stage and expand the menu with breakfast added.
“We’re just going to have more of everything,” he said Tuesday.