NORTH LAKE TAHOE

The Placer County Board of Supervisors 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 town centers to enhance environmental and economic benefits to North Lake Tahoe.

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.

The incentive program includes three primary components: development rights cost offset, Transient Occupancy Tax (TOT) rebate, and infrastructure cost offset.

The program is designed to support two types of lodging projects: new lodging and remodeled lodging. 

Participants in the program must meet key requirements, including completing development within set timelines (eight years for new projects, three for remodels), maintaining property standards, complying with county regulations, and collecting and remitting TOT.

Visit placer.ca.gov/documentcenter/view/94273/11A for more information.

~ Placer County press release