Good News for the Lake Tahoe Economy, Enviroment and Real Estate Market.

 

The Boulder Bay Redevelopment Project in Crystal Bay Nevada has been rescheduled for final review and approval at the TRPA Advisory Planning Commission on March 9th and the TRPA Governing Board meeting on March 23rd at the The Chateau in Incline Village. 

 

Public comment will be on the agenda for both meetings, after project presentations.

 

Thank you for your patience over the past few months as the project has moved on and off the TRPA agendas. As stated in our communications late last year, several changes and enhancements have been made to the project based on feedback. Below is summary of those changes.
 
 

Project Improves From  

Community Input

  

blueprints

Over the last three years, the Boulder Bay team has met with hundreds of local community members and stakeholders.    

These meetings have contributed lots of great input and ideas and we thank you for your contributions. 

  

The first incorporation of these ideas came in May of 2009 when we reinvented our project as follows: redesigning of the architecture, elimination of all timeshare elements, removal of an entire floor from 7 of the 8 buildings, reduction of the total unit count by 10% (-42 units), reduction of the total retail space by 25% and the reduction of the total floor area by 20%.

  

As we prepare for our final approval hearings on March 9th and 23rd, we are extremely proud to announce our final round of project changes aimed at significantly improving the environmental and community benefits of the project.   

Additional revisions, made over the past two months, are as follows:

  • Removed another floor from the buildings along Hwy 28 (Buildings G & Height and mass of will be reduced by an additional 20%
  • Reduced unit count by an additional 25 hotel rooms and retail square footage by 10% 
  • Boulder Bay has committed to providing TRPA evidence of adequate construction financing to complete the project prior to breaking ground.
  • Implementation of parking management and incentive programs to discourage the use of cars.
  • A portion of our affordable housing program will adopt a program, advocated by the League to Save Lake Tahoe, whereby preexisting housing stock will be renovated and deed restricted in the local area.
  •  We will form a community communication and advisory council to provide maximum transparency during construction and on going operation
  •   We have also committed to securing Completion Bonds for all water quality BMP's  
  • Committed to securing Operation and Maintenance Bondsfor all water quality BMP's

All of these changes will be irrevocably committed to in the TRPA conditions of permit approval.

  

Summary of project development changes:

 

ORIGINAL PROPOSAL

FIRST REVISION MAY 2009

FINAL PLAN JANUARY 2011

Total Market Rate Units

381

359

334

Hotel Units

200

300

275

Timeshares

160

0

0

Condos

21

59

59

Onsite Affordable Units (bedrooms)

34

14 (38)

14 (28)

Renovated and Deed Restricted Affordable Bedrooms

0

0

10

Retail & Dining

27,620 sf

20,715 sf

18,715 sf