Summit get rooms left by razed hotels |

Summit get rooms left by razed hotels

The city spent $2,025,000 for three hotels it will raze for redevelopment and environmental improvements. But there is more to this figure than property value, according to Mayor of South Lake Tahoe Tom Davis.

In order to build the Grand Summit Hotel, the city is required to eliminate existing hotel rooms. The purchase provides a bank of rooms which American Skiing Company can use for construction of the hotel. Although the city will need to demolish other sites to reach the 600 rooms required for the Grand Summit, none have been officially designated.

“Some of these owners are just happy to see us come, because they have been struggling for years,” Davis said. “We’re getting rid of blighted properties that are getting $29 a night for a project that is more desirable to the community.”

When the city started discussing the Park Avenue Redevelopment Project, it signed an agreement with Tahoe Regional Planning Agency, League to Save Lake Tahoe and California’s attorney general limiting the amount of hotel rooms in the city, Davis said.

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