Redevelopment agency extends project deadline | TahoeDailyTribune.com
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Redevelopment agency extends project deadline

The agreement between the city and a South Shore casino to build a convention center in the state line area was extended Tuesday.

The South Lake Tahoe Redevelopment Agency, which comprised of the City Council, voted to prolong the Memorandum of Understanding with Harveys Resort Hotel/Casino until Jan. 31, 2001.

Project 3, which will knockdown the existing structures on the lake side of U.S. Highway 50 from the Nevada state line west to Park Avenue, was scheduled to begin in a little more than a year.



Because the Park Avenue Project, a redevelopment project across the street from the Project 3 area, was postponed until spring 2000, Project 3 will likely follow suit.

City Manager Kerry Miller said it is not likely the city will be in a financial position to sell bonds to finance the demolition of the existing structures for both projects at the same time.




The Project 3 area extends two blocks toward Lake Tahoe to Cedar Avenue. All structures in the area will be torn down except the Stardust Lodge. City officials said the Stardust’s many time-share owners make acquisition of that property too costly.

In addition to the proposed convention center, Harveys and the city’s plans call for a hotel to house the convention center, lodging, a replica of Lake Tahoe, an artist’s center and daycare facilities.

The MOU was also extended with the Segal-Yure Group, which will develop portions of the retail element regarding Project 3.

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