Old motel project in Kings Beach Town Center gets needed development rights
Submitted by paula on Fri, 06/22/2018 - 1:57pm
An old, closed motel in the Kings Beach Town Center will be transformed into condominiums after the California Tahoe Conservancy Board yesterday approved the sale and transfer of up to two residential development rights (RDRs) needed for the project.
Located on Beach Street and State Route 28, the transfer will facilitate the Woodvista Redevelopment Project which will create seven units in three buildings, including 2 two-story triplex residential structures. They already had five of the needed RDRs.
Each RDR goes for $5,000.
The sale consolidates development rights in to a more urbanized area, helping implement the Tahoe Regional Planning Agency’s Regional Plan.
“This redevelopment project supports the Lake Tahoe Basin’s sustainable development goals by creating new housing in walkable/bikeable urban areas” said Conservancy Board Member and Placer County representative Larry Sevison.
The Board also reviewed the draft 2018-2023 Conservancy strategic plan, which provides a roadmap for Conservancy activities, including implementing the recently voter-approved Proposition 68. Proposition 68 provides $27 million to the Conservancy for Conservancy programs and projects, with an emphasis on public access.
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