The Placer County Board of Supervisors on Tuesday approved a five-year extension of the county’s North Lake Tahoe Economic Development Incentive Program, continuing efforts to support revitalization and investment in the Placer County portion of the Lake Tahoe Basin through June 30, 2031.
Originally established nine years ago, the program was designed to help offset the extraordinarily high costs of developing lodging in the Lake Tahoe Basin, where no new lodging projects of significant scale have been built since the early 1960s. The program incentivizes new and revitalized lodging in our Town Centers to enhance environmental and economic benefits to North Lake Tahoe.
“The extension of this program reinforces the county’s long-term commitment to thoughtful reinvestment in North Lake Tahoe,” said District 5 Supervisor Cindy Gustafson. “The program helps encourage projects that support our local economy, improve community infrastructure and enhance the visitor experience while recognizing the unique development challenges within the Tahoe Basin.”
The program was created to spur both environmental and economic revitalization in North Lake Tahoe through incentives aimed at attracting high-quality redevelopment and lodging investment.
