Placer County has made two attempts to buy lodging properties in South Lake Tahoe to give them needed tourist accommodation units (TAUs) for future redevelopment projects in the North Lake Tahoe town centers of Kings Beach and Tahoe City.
The county had offered the owners of the A & A motel $1.425 million for their property at 3520 Lake Tahoe Blvd. After demolishing the motel, the county would have restored the land beneath, earning a bonus ratio of three-to-one TAUs from the Tahoe Regional Planning Agency, so the motel’s 34 units would have been worth 102 to Placer County.
