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Placer County renews North Lake Tahoe lodging incentive program through 2031
Summary
The Board of Supervisors voted May 11 to extend the North Lake Tahoe economic development incentive program five years to June 30, 2031, citing successful remodel projects and a new transit‑occupancy‑tax rebate component that helped the EVA Hotel reach higher occupancy.
Placer County supervisors voted May 11 to renew the North Lake Tahoe economic development incentive program for five years, extending the program to June 30, 2031.
Nick, a county staff member presenting the item, told the board the program — originally approved in May 2016 — was updated in 2020 to add a transit occupancy tax (TOT) rebate and a development‑rights cost offset to help developers with cash flow in Tahoe’s high‑cost market. He cited the EVA Hotel remodel in Tahoe City as an example: “We recently processed their first rebate application……
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