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Cal Neva Casino Considers Renovation

28 August 2006

CALIFORNIA – As reported by the Tahoe Daily Tribune: "As the Cal Neva Resort Spa and Casino continues its 80th anniversary celebration, there is big talk about the resort's pending renovation and restoration into an Intrawest-model owner-occupied and leased condominium complex.

"Namwest LLC, the Phoenix-based developer that purchased the resort last year, has some $60 million in renovations planned for the resort beyond condo units, including meeting space upgrades as well as a new eco-friendly co-generation plant.

"Some have intimated that groundbreaking could come as early as next spring, though no local agencies or planning commissions can corroborate a timeline…"

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