Real estate

The month of September has come and gone. It is with much appreciation I want to thank all our participants who braved these crazy times and participated in this months Miles for Recovery Event. You did not let the smoke or COVID and its many consequences get in your way. You turned these challenges into motivation and moved forward knowing both your physical and mental health would be better for participating.

Chase International recently welcomed Brian Bourgeios to its real estate office in South Lake Tahoe, Calif.

For over a decade, Bourgeois has assisted those who need to sell their home, buy a new property, or invest in timeshare opportunities. Throughout each transaction, he skillfully negotiated the waters to secure the best value and solution for all involved. These talents and tenacity define the reason why he is a recipient of the prestigious Summit Society Award.

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August 19, 1973 - May 18, 2020 - Sloan Michael Gordon signed off on a life lived to its very fullest on May 18, 2020. Though taken far too soon, Sloan managed to live 10 lives in the span of his 47 years, punctuated by adventure, mischief, and quality time with his family and friends.

Nevada Governor Steve Sisolak has unveiled his plan for the state to reopen under phase one starting May 9, 2020. Outdoor malls, restaurants, hair salons, and barber shops are among those able to reopen with new standards for safety.

"We must stay safe so we can stay open," said Sisolak of the ability to move into phase 2 by the end of May, or sooner.

"The beginning of the reopening of our economy is not the end of the coronavirus," said Sisolak during a press conference Thursday afternoon. "It's still with us, as strong as ever. It will not go away until there's a vaccine."

The City of South Lake Tahoe is currently accepting applications for community
members to join the newly formed transformational change sub-committee. This committee is focused on developing second and third economies for Tahoe in the wake of the COVID-19 crisis.

The committee is proposing to bring together a diverse and innovative group of community stakeholders, thought leaders, and experts to implement policies, programs, and projects today that will have long term beneficial impacts for South Lake Tahoe over the next 50 years.

SOUTH LAKE TAHOE, Calif. - Ever since Governor Newsom issued a 'Stay at Home' order on March 19, 2020, there has been confusion on what businesses are essential and what the public can and cannot do. The order was created to protect the health and well-being of all Californians and to establish consistency across the state in order to slow the spread of COVID-19.

Harrah's Reno will soon be coming to an end. The gaming establishment that had its humble beginning as a bingo parlor opened by Bill Harrah in 1937 has been sold to a company that will turn it into a non-gaming mixed-use center.

On Thursday, Caesars Entertainment Corporation and VICI Properties Inc. announced in a press release they signed an agreement to sell Harrah’s Reno Hotel and Casino to an affiliate of CAI Investments for $50 million.

What happens when you bring together people who are community-minded, movers, shakers and even disruptors who want to work collaboratively to create positive change to the Lake Tahoe region?

Find out at the annual Lake Tahoe economic summit "Transform Tahoe" hosted by the Tahoe Prosperity Center on Friday, October 11 at the North Lake Tahoe Events Center.

A day full of interactive and collaborative sessions will examine the opportunities for positive change as participants discuss and examine day-to-day challenges while also stepping back to look at the bigger picture.

During their meeting this week, the California Tahoe Conservancy Board directed its staff to move ahead with due diligence for their nine asset lands in Meyers. Of the Conservancy’s nearly 4,700 properties in the Lake Tahoe Basin, the Conservancy has designated 17 properties as asset lands that could support sustainable compact development consistent with local area plans and the Lake Tahoe Regional Plan.

SOUTH LAKE TAHOE, Calif. - Most have seen the blue and gold placards attached to trees on lots around Lake Tahoe, signifying the California Tahoe Conservancy (CTC) owns that piece of property.

CTC currently owns nearly 4,700 of these labeled parcels comprising around 6,500 acres around Lake Tahoe. Over 4,300 of these parcels are environmentally sensitive, leaving 331 parcels as "asset lands."

SOUTH LAKE TAHOE, Calif. - It will be a very long day for the City Council and City staff on Tuesday as they hold a budget workshop prior to the start of their regularly scheduled meeting on July 16 at 10:00 a.m.

The public is invited to attend

Their agenda:

1. Call to Order Mayor Laine

2. Public Comment Mayor Laine

3. Draft City Council Priorities Frank Rush
a. Review of priorities
b. Progress to date

4. General Overview of City Financial Position Debbie McIntyre
a. General Fund balance

SOUTH LAKE TAHOE, Calif. - When the City formed in 1965 it was incorporated as a general law city for the purpose of having more local control over public services such as police, fire, and snow removal.

Now there is discussion about changing to a charter city. During their March 5 meeting, Councilmember Cody Bass asked that this subject come forward at a future meeting and Councilmembers Jason Collin and Devin Middlebrook said they were interested in learning more about what the differences are between the two, and what it would mean to South Lake Tahoe to switch.

After holding the position on an interim basis since February, David Livingston was appointed by the El Dorado County Board of Supervisors today to the position of County Counsel.

“I’m honored to have the trust of the Board of Supervisors to hold the position of County Counsel,” said Livingston. “I look forward to continuing my career with El Dorado County and providing legal advice to the Board on the myriad legal issues that come before it.”

PREP IT, PRICE IT and GRAB THE MARKET

The appreciation rate for Lake Tahoe real estate has stabilized to a more moderate rate from past years and is currently being driven by limited supply. If you are considering selling your home soon; take advantage of the season by prepping the interior through de-cluttering, cleaning, painting where necessary and look at your floors to be cleaned or replaced. These are some very cost-effective applications which will show your home in the most favorable of conditions. It also budgets your time for the Spring yard work that will lend curb appeal.

The following 68 businesses took out a license to operate in South Lake Tahoe in the month of December 2018 (32) and January 2019 (36)

December 2018 licenses issued and their owners:

12/1
ERICSSON INC - ERICSSON INC

12/3
PERFORMANCE UNLIMITED - PARTON, MICHAEL

12/4
D812 INTL - D812 INTL

12/5
KAREN KAYE PHOTOGRAPHY - PEEK, KAREN
UNITED SIGNS SYSTEMS - JOHNSON UNITED INC
JESUS ALVAREZ RODRIGUEZ TAXI DRIVER - JESUS ALVAREZ RODRIGUEZ
WW NORTH AMERICA HOLDINGS - WW NORTH AMERICA HOLDINGS INC

12/10
FIRE PROTECTION SERVICES - REEVES. ANTHONY

Looking at the economic news is enough to give you pause with rising interest rates, stock market volatility and real estate experiencing declining sales numbers and the reduction of appreciation. Our market (Lake Tahoe) will see a small negative impact from interest rates as they affect affordability but the last item, equity growth, will impact our market the greatest. The public is staying in their homes for a longer period historically and supported through the increase in remodeling, appliance and flooring sales.

The Saint Joseph Community Land Trust (SJCLT) will hold its annual pre-Thanksgiving Spaghetti Dinner on Thursday, November 15 at 6:00 p.m. in Grace Hall at St. Theresa Catholic Church. Dinner will be served from 6:00 p.m. to 7:00 p.m. and the hall is open for dining and socializing until 8:00 p.m.

The public is invited as the board and staff of SJCLT give thanks to members and supporters for another successful year serving the community. The Knights of Columbus are the chefs and will be serving the complimentary dinner.

SOUTH LAKE TAHOE, Calif. - Each of the nine candidates for City Council answered the same ten questions that were given to them by South Tahoe Now. For nine consecutive days the candidate's responses will be shared in the order received.

Today, the first-time candidate Bruce Grego gives his responses as he seeks a seat again on the South Lake Tahoe City Council:

SOUTH LAKE TAHOE, Calif. - Each of the nine candidates for City Council answered the same ten questions that were given to them by South Tahoe Now. For nine consecutive days the candidate's responses will be shared in the order received.

Patrick Jarrett shares his thoughts in his quest for a seat on the South Lake Tahoe City Council:

There will be a series of five public meetings in Douglas County to discuss proposed code amendment changes to their Vacation Home Rental Ordinance. In the old code, vacation home rentals (VHRs) were only allowed in the Tahoe Township (lake portion of the county), but the proposed changes will include VHRs in all areas.

Other proposed changes in the ordinance include:

All VHRs must have a contact person in Douglas County and the property manager must be licensed by the State of Nevada Division of Real Estate.
Unpermitted homes will be fined $500 per day up to $10,000.

Another stop on the South Lake Tahoe epicurean trail is slated to open this week, and for those looking for something new in the world of wine and tasty bites, its not a moment too soon.

The Tahoe Pourhouse is located in the Crossing at Tahoe Valley, currently home to two other popular eateries, Lake Tahoe Alexworx and Verde. They will share the outdoor plaza with the new brewery.

The Lake Tahoe Humane Society and SPCA is following up their March 29 meeting with an announcement that they are accepting applications for people interested in joining their board of directors. Two informational “meet and greets” for prospective board members are scheduled at the agency’s office at 884 Emerald Bay Road in South Lake Tahoe from 5:00 p.m. to 6:00 p.m. on Saturday, April 7 and Monday, April 9 from 5:00 p.m. to 7:00 p.m.

Chase International recently welcomed Jonathan Szendrey to its South Lake Tahoe, Califoria office. With years of experience in selling some of Lake Tahoe’s finest properties, backed with a career in finance and economics, Jonathan Szendrey is ready to apply his expertise to help buyers and sellers alike throughout the Lake Tahoe region.

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Tuesday's El Dorado County Board of Supervisors (BOS) meeting was just as all other meetings about vacation home rentals have been: A full house and a large contingent passionately representing both sides of the issue.

Supervisor Shiva Frentzen sought conceptual approval of an urgency ordinance to place a moratorium on the issuance of new vacation home rental (VHR) permits in the unincorporated portions of the County located in the Lake Tahoe Basin.