Unknown plans for property
A year has gone by and no plans have been submitted to make improvements to Logan Shoals by new owner Cal Neva, the Douglas County Planning Department reported last week.
The owners of the Incline Village casino bought two parcels north of Cave Rock for $6 million, according to the county Assessor’s Office.
It’s unclear what the owners plan to do with the prime property, as repeated telephone calls have been unanswered.
An appraiser with the county Assessor’s Office believes one would need to start over with the structures on the lots because the buildings have deteriorated.
The Bluth Trust, administered by Charles and Cynthia Bluth, purchased the two near-abandoned parcels on the east side of Lake Tahoe known as Logan Shoals from the Strecker Trust in September 2000.
They paid $5 million for 1.3 acres at 1730 U.S. Highway 50, which is zoned as residential with a special-use provision allowing for commercial entities like those that exist currently. A marina, boathouse, storage facility and restaurant are located on the property.
The Bluths paid an additional $1 million for the adjacent near-acre property at 1750 U.S. Highway 50. This parcel, located just north of the marina, has a 1,360-square foot structure on it which was built in 1948 and zoned as residential.
The majority of the surrounding land is undeveloped and requires low-level resource use as a planning area. The headwaters to seven small streams is nearby along with osprey nests.