Conservancy considers selling Asset Lands for implementation of Meyers Area Plan

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. The nine Meyers asset lands could potentially help implement various elements of the Meyers Area Plan, including affordable housing, mixed-use development, bike, pedestrian and transit circulation, recreational access, and environmental conservation goals.

Board members toured the nine parcels and asked staff to proceed with due diligence activities, which may include appraisals, inspections, initial real estate discussions, and potential partnerships with other public agencies.

These types of activities can take up to a year, or longer, to complete. Following the due diligence process, the Conservancy Board will make any final decisions on future actions for the Meyers asset lands.