investment

Two new board members for Tahoe Prosperity Center

Not only has the Tahoe Prosperity Center has been working on issues to create healthier communities around the lake, they have also been welcoming new members to their Board of Directors.

New to the board are locals John McLaughlin, Chief Financial Officer of Edgewood Companies and Ken Riley, Senior Vice President, Kiewit Infrastructure Group, Inc. They join 24 other community members on the board whose goal is to also promote regional sustainability through economic vitality and by being environmental stewards.

Water issue expert to speak in Lake Tahoe

The Sierra Business Council is hosting Peak Innovation, a conference for Lake Tahoe locals, small business owners, communities and local governments. During the conference, Dr. Peter Gleick, an expert in water issues especially in the context of economic and environmental justice, will be at the conference which takes place October 8-10 in Tahoe City. In a National Geographic science blog, Gleick recently repeated the common question, “Why, if the California drought is so bad, has the response been so tepid?”

Peak Innovation Conference for all Lake Tahoe business owners and community leaders

Event Date: 
October 8, 2014 (All day)

Sustainable business leaders, entrepreneurs, active residents, acclaimed writers and science gurus will gather for Sierra Business Council’s 20th anniversary conference. “Peak Innovation – The Next 20 Years” will be held at Granlibakken in Tahoe City from October 8-10. Peak Innovation brings together thought leaders and practitioners who are designing and implementing cutting-edge solutions to challenging social and environmental issues.

Op/Ed: Growing the Economy is Not an Option, it’s a Necessity

On June 17, 2014, the City Council held a workshop regarding the City’s five-year financial forecast and the overall economic forecast for the local community. While the forecast has improved, we need to attract substantial capital investment over the next ten years to grow the economy, meet the community’s needs and fund projects protecting the natural environment.

Ex-chief of huge pension fund guilty of bribery; South Lake Tahoe businessman still faces charges

The former head of the nation’s largest pension fund admitted Friday that he took bribes, including hundreds of thousands of dollars stuffed in paper bags and a shoe box, and helped an associate collect millions in a fraudulent investment scheme.

Fred Buenrostro Jr. pleaded guilty in San Francisco federal court to fraud and bribery charges stemming from his time as chief executive of the California Public Employees’ Retirement System from 2002 to 2008.

4th of July Fireworks; A Source of Pride for Tahoe South

This year’s Independence and Labor Day fireworks display challenge has proved that Tahoe South is a team. As in other situations I recall over the years, we come together in times of crisis and demonstrate that we care deeply about this special place we call home. This summer, we as a community are forming a new team – Team Fireworks – and every member counts.

City of South Lake Tahoe Forecasts Negative Cash Flow Unless Revenues Increase Significantly

The City of South Lake Tahoe made several strategic moves in 2010, allowing them to survive the financial crisis which caused so many problems in 2010. As the Five Year Financial Forecast is presented during Tuesday's City Council Meeting, it will be evident that it is time again to make more strategic moves to stay in the black and be sustainable. One such move should be a focus on growing the local economy.

Raley's Offers Discounted Tickets to 25th American Century Golf Championships

Raley's grocery stores in South Lake Tahoe are offering discounted tickets to the 25th American Century Championship which takes place July 15-20. These tickets are also available at all Raley's, Nob Hill and Bel Air locations throughout Northern California and Nevada.

Tickets are discounted when purchased from Raley's, Bel Air or Nob Hill Foods. Tickets are $12 for access Tuesday, Wednesday and Thursday, and $18 for Friday, Saturday and Sunday tournament action.

Op/Ed: SLT's Parking Meter Program has Lost Money

The following is an opinion article and does not necessarily reflect the views of South Tahoe Now:

Leadership Lake Tahoe Holds Public Summit on Saturday

You can still buy tickets to the Inaugural Elevate Your View Leadership Lake Tahoe Summit on Saturday, May 10. This one-day conference is meant to raise awareness and empower our community to improve the future of Lake Tahoe.

Leadership Lake Tahoe is a Tahoe Chamber sponsored group that give participants one year

Military Set to Receive Free Tickets to American Century Celebrity Golf

All active duty, reservists, National Guard and veterans will receive complimentary tickets to the 25th Annual American Celebrity Golf Championship in South Lake Tahoe July 15-20.

The free tickets are being offered in appreciation of their service to the country.

Study: Investing in Forests Reduces Megafires and Saves Millions

Proactive forest management activities can reduce high-severity fire by up to 75%, save up to three times the cost of fighting forest fires and bring added benefits to people, water and wildlife according to a study released today.

Heavenly, Kirkwood and Northstar Start Selling Their 2014-15 Season Passes

Heavenly Mountain Resort, Northstar California and Kirkwood Mountain Resort, opened up sales for their 2014-15 season passes.

Starting at $409 with as little as $49 down and the balance due in the fall, skiers and riders have until April 13 to secure the best available price for winter 2014-15 season passes and six buddy tickets.

City of South Lake Tahoe Approves 3 Year Deal With SnowGlobe

With a vote of 4 to 1, the South Lake Tahoe City Council voted Tuesday to give SnowGlobe a three year contract to have their signature concert event in the city. Promoters will also be receiving an additional $25,000 in cash funding to run the event.

SnowGlobe brings in an estimated $6 million return on the City's investment through advertising, hotel bookings, money spent on food and supplies as well on international awareness of the unique concert in South Lake Tahoe.

24th Annual Best in the Basin Nominations Sought by TRPA

The nomination period is open for the Tahoe Regional Planning Agency’s 24th annual Best in the Basin awards program, which annually recognizes environmentally compatible projects in the Tahoe Basin that stand out as the best designed, planned and implemented.

Projects completed between October 12, 2012 and December 31, 2013 can be nominated for consideration by the judging panel in the spring or early summer of this year.

Teamwork Between the City of South Lake Tahoe, City Employees and Community Applauded

"Its not often you can come to City Council and look back to see how we got where we are today with such incredibly great news in such a short time," said South Lake Tahoe City Manager Nancy Kerry during Tuesday's City Council meeting.

Kerry highlighted the path the city has been on over the last 12 years, from the years leading to the recession, what happened during the recession, and where the city is headed now that there is a net positive cash flow of over $1,000,000.

It takes a Community to Make a Difference and What a Difference a Year Makes

As 2013 draws to a close, it provides an opportunity to reflect on the accomplishments of many this year. It was just a few short years ago, in the midst of the Great Recession, both public agencies and private companies throughout the basin were in the middle of layoffs, service reductions and unemployment hovering above 17%. Concerns regarding economic recovery were significant. Rather than buckling under, we buckled down, got things done and prepared for recovery.

TRPA Approves the South Lake Tahoe Tourist Core Area Plan

The City of South Lake Tahoe's vision to recreate a community that encourages revitalizing commercial and residential areas got one step closer today with the TRPA's adoption of the South Lake Tahoe Tourist Core Area Plan. The area involved is the Highway 50 corridor from Fairway Ave at Bijou, up and down Ski Run Boulevard, and up to the Stateline.

Outdated development and pollution in the core of South Lake Tahoe could be on their way out with the adoption today of the City of South Lake Tahoe Tourist Core Area Plan by the Tahoe Regional Planning Agency (TRPA) Governing Board.

American Century Golf Championship Distributes Over $145,000 to Local Non-Profits

Twenty-eight area nonprofits were awarded $85,000 in donations from the 2013 American Century Championship. In a ceremony on Thursday, the Lake Tahoe Visitors Authority distributed the checks through funds raised during the annual celebrity golf tournament.

Angela Swanson Announces Run for El Dorado County Board of Supervisors

South Lake Tahoe Councilwoman Angela Swanson has declared her candidacy for El Dorado County Supervisor District 5. "There is no better time to jump in," said Swanson of her announcement. "I am in the final year of my council term and will leave office having accomplished many of my goals and with an in-depth knowledge of the key issues affecting the district." Swanson cites economic redevelopment, smart growth and community investment as her top priorities along with building cohesiveness within the newly expanded district.

Local Leaders Hail House Introduction of Lake Tahoe Restoration Act

The reauthorization of the Lake Tahoe Restoration Act was introduced yesterday in the U.S. House of Representatives, following the Senate’s introduction of the bill in August.

TRPA BOARD APPROVES DOUGLAS COUNTY SOUTH SHORE AREA PLAN

A major milestone for Lake Tahoe’s restoration and environmental redevelopment was reached today with the unanimous adoption by the Tahoe Regional Planning Agency Governing Board of the Douglas County South Shore Area Plan—the first local government Area Plan to be enacted under the 2012 Lake Tahoe Regional Plan—according to the Tahoe Regional Planning Agency (TRPA).

El Dorado County man sentenced for bilking families of millions in investment fraud scheme

A former El Dorado County resident was sentenced Thursday to four years and nine months in prison and ordered to pay $2.8 million in restitution, United States Attorney Benjamin B. Wagner announced.

Daniel Chartraw, 40, was sentenced by U.S. District Judge Morrison C. England Jr., after he pled guilty to wire fraud on Jan. 24, 2013. Many victims submitted letters discussing the impact of Chartraw’s fraud on their finances and their families, according to a news release.

Main mass of rare meteorite preserved for present and future scientists

The main mass of a rare meteorite that exploded over California’s Sierra foothills in April 2012 will be preserved for current and future scientific discoveries, thanks to the collaborative efforts of five U.S. academic institutions.

Ski season winter pass option features three Lake Tahoe resorts

With less than 100 days until the beginning of the 2013-2014 Lake Tahoe ski and ride season, now is the time to purchase the best-valued season pass to Tahoe’s three premier mountain destinations, Heavenly, Kirkwood and Northstar.

The Tahoe Local and Tahoe Value Passes offer access to more than 263 trails, 14 terrain parks and 10,270 acres all on one pass; but the current season pass prices are only guaranteed through September 2, 2013.

Remarkable progress continues at Lake Tahoe

It has been 17 years since President Bill Clinton and Vice President Al Gore stood on the shores of Lake Tahoe and issued a challenge. They urged the frequently fractious perspectives in the region to come together in support of the restoration of Lake Tahoe.

Lake Tahoe leaders applaud restoration bill

Lake Tahoe organizations whose collaborative work over the past 15 years has been a driving force for advancing Lake Tahoe restoration efforts applauded congressional leaders Thursday for introducing a $415 million reauthorization of the federal Lake Tahoe Restoration Act.

Barton Foundation golf tournament raises more than $14,000 for Community Health Endowment

Barton Foundation's 19th annual Golf Tournament and fundraiser held on Thursday, June 20 at the Lake Tahoe Golf Course raised more than $14,000 for Barton’s Community Health Endowment fund. The Hawaiian themed, “Tiki Tee Off and Lei Up Luau Golf Tournament hosted a field of 108 golfers and 160 luau attendees – complete with a roasted pig, raffle prizes and a performance by the Ukuleles of Tahoe.

Community Meeting to Improve Broadband Service

Event Date: 
June 24, 2013 - 6:45pm

Does your business or home have inadequate Internet service? Or maybe you don't have Internet service at all.
The Gold Country Broadband Consortium is working to provide choices for affordable Internet service throughout a four-county region, including the California side of the Lake Tahoe Basin.

The Consortium is hosting a meeting on Monday, June 24, to hear residents' and business' concerns about Internet service in the South Lake Tahoe and Meyers areas. The meeting will be from 6:45 to 8 p.m. at the South Lake Tahoe Recreation Complex, 1180 Rufus Allen Blvd. (Aspen Room).

Douglas County looks at new environmental plan for Lake Tahoe

The Douglas County Board of Commissioners will consider approval of a new area plan for Lake Tahoe’s South Shore on Thursday, June 2. The Douglas County Area Plan is the first to be proposed since the Tahoe Regional Planning Agency adopted the Regional Plan Update in December 2012.

Las Vegas man sent to prison for defrauding South Lake Tahoe investor of $2.9 million

A Las Vegas man was sentenced to 5 years and three months in prison for defrauding a Lake Tahoe investor of more than $2.9 million, according to the U.S. Justice Department.

U.S. District Judge Garland E. Burrell Jr. sentenced Jed Baron, 55, of Las Vegas, on Friday, May 10 to prison for wire fraud related to the investment scheme, according to a news release.

Sports stars tee it up at Lake Tahoe with American Century Championship golf tournament

Event Date: 
July 21, 2013 (All day)

A powerhouse lineup of sports legends including Charles Barkley, Olympic Gold Medalist Swimmer Michael Phelps, John Elway, Shane Battier of the 2013 NBA Championship Winners Miami Heat, boxer Oscar de la Hoya and Olympic skier Bodie Miller will join celebrities like Ray Romano Larry the Cable Guy, Bill Engvall and Kevin Nealon for the 24th annual American Century Championship at Tahoe South July 16-21, 2013.

Is now the time to invest in Lake Tahoe?

Now is a great time to invest in Lake Tahoe, whether it's a vacation rental, long term rental, multi-units/apartments or retail buildings. With the continued low interest rates and property prices still considered low, now is the time to pull the trigger before it's too late. I advise my clients that waiting will not help their situation. The biggest challenge is the lack of homes for sale. The key to to watch for new listings as they get posted to the MLS system.

Tahoe trails need your help to win $33k for improved recreation; vote on Facebook

Out of more than 100 applications from around the country, Corral Trail located in South Lake Tahoe, Calif. was chosen as one of four “flow trails” to be voted on Bell Helmet’s Facebook page.

The other two trail types selected were pump tracks/bike park and downhill. Bell Helmets is offering up to $100,000 in technical assistance grants to fund three new mountain bike projects to be built by International Mountain Bicycling Association (IMBA) Trail Solutions through the Bell Built Grant.

Lake Tahoe home prices jump in first quarter

The Lake Tahoe real estate market is off to a strong start in 2013, experiencing a 34 percent increase in median home price and a 53 percent leap in average price. Sales volume around the lake is up 61 percent, primarily due to a 133 percent jump in homes sold for more than $1 million. The figures were part of a quarterly report released by Lake Tahoe-based real estate company Chase International.

El Dorado County awards $2.6 million contract to Maine-based Tyler Technologies

The El Dorado County Board of Supervisors on Tuesday awarded a $2.6 million contract to Yarmouth, Maine-based Tyler Technologies to replace its current financial, payroll and human resources systems.

Eleven companies proposed bids and the county spent 18 months researching those bids, according to a news release. The money for the contract will come from the county's reserve for capital projects. Supervisors also OK'd $3 million to hire additional staff to assist with implementation and conversion of the project.

Below is the news release issued by El Dorado County.

Six Reasons Housing Inventory is declining

According to a recent article in the Wall Street Journal there are 6 reasons why there is a declining inventory of homes for sale in the United States. These 6 reasons also apply to Lake Tahoe, on both the California side and Nevada sides of the Lake.

Their 6 reasons why housing inventory is declining

1.  Many homeowners are underwater (owe more than their home is worth) so they are unlikely to sell until home values rise more than they have already. More than 10 million home owners are in this position in the US.

Best Remodeling Projects to Increase the Value of Your Home

A home is one of the biggest, if not THE biggest investment a person will make in their life. Things change, our needs and families change, ideas of what we want change, so this means our home will change. The California Association of Realtors recently came out with this chart of the top ten remodeling projects that increase the value of your home.

Vail season 2013-14 passes now on sale for Lake Tahoe ski areas

With access to more than 10,270 skiable acres at three premier mountain resorts—Heavenly Mountain Resort, Northstar California Resort and Kirkwood Mountain Resort — Lake Tahoe’s only true three-mountain season passes provide season-long access to the most diverse and quality experience Lake Tahoe has to offer. Starting today, Lake Tahoe skiers and snowboarders can lock in the lowest guaranteed price on a season pass for the 2013-2014 winter season (www.bestoftahoe.com) for as little as $389.

Embassy Suites Lake Tahoe to become independent beginning April 1

The corporation that owns Embassy Suites Lake Tahoe – Hotel & Ski Resort announced today that as of April 1 the hotel will be operating as an independent property with a new management company. PHR Management, Inc., an affiliate of Ken Corporation, LTD., the Japan-based ownership group, will assume management of the hotel. Max Saito, vice president of PHR, said the company will retain the hotel’s 220 employees.

El Dorado County budget projection look stable; presented to Board of Supervisors

PLACERVILLE — El Dorado County revenue is up slightly and spending is down according to a report by Chief Budget Officer Laura Schwartz. Schwartz presented the budget report to the Board of Supervisors at a special workshop on Monday.

Study: South Shore Lake Tahoe Loop Road plan would contribute up to $25 million annually

(Stateline, Nev.) – A recent US Highway 50 economic analysis indicates that a completed downtown area outlined within the US 50/South Shore Community Revitalization project (aka Loop Road), City of South Lake Tahoe’s General Area Plan and the South Shore Vision Plan would provide for an annual retail sales increase of $16 million to $25 million.

Sen. Harry Reid addresses 2013 Nevada Legislature (full text)

Nevada son and U.S. Senate Majority Leader Harry Reid addressed a joint session of the Nevada State Legislature today in Carson City. Here is the text of his speech:

TRPA Column: Standing Up to Save Lake Tahoe

Following years of public process and serious discussions to improve one of the strictest environmental plans in the nation, the Sierra Club recently filed suit on the update of Lake Tahoe’s Regional Plan, a blueprint for the region’s long-term sustainability.

Former El Dorado County man pleads guilty in federal court in multimillion dollar fraud scheme

A former El Dorado County man pled guilty Thursday to wire fraud in connection with a multimillion dollar investment fraud scheme, U.S. Attorney Benjamin B. Wagner said in a news statement.

According to court documents, between January 1, 2007 and November 31, 2011, Daniel Chartraw, 39, formerly of El Dorado County, defrauded numerous investors by falsely representing investments in mines, mining and refinery equipment, oil commodities, precious metals concentrate, and multimillion dollar certificates of deposit.

Text of Gov. Jerry Brown's 2013 State of the State Address

California Gov. Jerry Brown today delivered the 2013 State of the State Address. Here's the prepared text:

Text of Nevada Gov. Brian Sandoval's State of the State address

As Prepared for Delivery Wednesday, Jan. 16, 2013:

Madam Speaker, Mr. President, Distinguished Members of the Legislature, Honorable Justices of the Supreme Court, Constitutional Officers, Senator Heller, honored guests…...

Tahoe emerges from the Time Capsule

Lake Tahoe’s new regional plan can be viewed many ways — an act of self-preservation, a pendulum swing in planning, a plea for private investment. But what it seeks to do is indisputable — to re-engineer Tahoe development into denser town centers with taller buildings and more coverage.
The policies and development incentives in the new Tahoe regional plan intend to crack the Tahoe time capsule that has kept the Basin’s town centers in stasis for the past 30-plus years.

Former South Lake Tahoe resident sentenced for claiming excessive federal tax refund

FRESNO, Calif. — U.S. District Judge Lawrence J. O’Neill on Monday sentenced Gwen Noel Luckett, 59, formerly of South Lake Tahoe, to two years in prison and ordered her to pay $605,692 in restitution to the Internal Revenue Service, U.S. Attorney Benjamin Wagner announced.

KLS Capital buys 24 percent stake in Whistler Blackcomb

KLS Capital Partners, the owners of ski resorts Squaw Valley and Alpine Meadows, has entered into a purchase agreement with Intrawest to acquire 24 percent of shares in Whistler Blackcomb Holdings Inc.
The deal is for $115,929,375, according to UnofficialNetworks.com. As a result of the sale Whistler Blackcomb Holdings CEO, Bill Jensen, has tendered his resignation as well as directors Wes Edens and Jonathan Ashley.

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