Financing Secured for New Resort

Construction is likely to begin in May for a major resort at the site of the Tahoe Biltmore on Lake Tahoe’s north shore. The developers, Boulder Bay, LLC,say they have secured financing and are hoping to move ahead quickly. The development company had been struggling to come up with financing since winning approval from the Tahoe Regional Planning Agency four years ago and had faced an April deadline to either move forward or let the project permit expire.