
Huge Palisades Tahoe ski village expansion will be much smaller with new compromise
The League to Save Lake Tahoe, which had challenged the plan approval in a complaint filed earlier this year, called the compromise 'a landmark agreement … to limit and cap future development at the famed resort,' according to a Tuesday press release.
The approved plan, first proposed in principle 14 years ago, called for adding 850 lodging units, 1,500 hotel rooms, 300,000 square feet of commercial space, housing for hundreds of resort employees and more to the resort's base village in Olympic Valley. The idea was to create 'a world-class village commensurate with our world-class mountain," former Palisades President and COO Dee Byrne said in November.
Tahoe-area conservation organizations had been fighting the proposal for years, saying it would worsen traffic congestion in North Tahoe and generally undermine the character of nearby mountain communities. After the plan gained approval from the Placer County Board of Supervisors last fall, nonprofits Sierra Watch and the League to Save Lake Tahoe filed a lawsuit to block the development.
However, according to a Tuesday statement from the league, rather than litigate the plan in court, the two nonprofits and the resort engaged in good-faith conversations as well as 'some hard-nosed negotiations' and were able to come to amicable terms on changes to some aspects of the project.
They include a 40% reduction in the number of 'bedrooms' and a 20% reduction in the size of the 'main village area,' according to a letter from Palisades President and COO Amy Ohran posted to the resort's website Tuesday morning.
Also, the resort will create a conservation easement to preserve land at the base of Shirley Canyon — which had been slated for development — for recreation and public access.
The compromise affirms the 'permanent elimination' of a highly controversial indoor waterpark that at one point was part of the proposal, according to Palisades.
The agreement 'prevents additional development within the Specific Plan boundary for 25 years,' according to Palisades.
'We are listening and taking a different approach, and we feel good about the outcome,' Ohran said in her Tuesday letter. She added: 'I hope you'll agree that the common ground we found is more reflective of the collective voice of our community.'
A revised plan is yet to be formally approved by the Placer County Board of Supervisors, according to Palisades. It will be shaped, in part, by a fresh round of community meetings about the project in the months ahead.
Once revisions are approved, Sierra Watch and the League to Save Lake Tahoe have pledged to drop their lawsuit.
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CBS News
15 hours ago
- CBS News
Palisades Tahoe scales back expansion after reaching settlement with environmental groups
After more than a decade of legal battles, Palisades Tahoe has reached a settlement with two environmental organizations, agreeing to scale back its controversial development plans at the North Lake Tahoe resort. The agreement, announced Tuesday by Palisades Tahoe, Sierra Watch, and the League to Save Lake Tahoe, ends a long-running lawsuit over the proposed expansion project. "I think this is a monumental day, I think for Tahoe. For Palisades," said Jesse Patterson with the League to Save Lake Tahoe. "When you stay the course and put the lake first but you're willing to have meaningful conversations, you can come to an agreement." The original project called for 850 hotel, condo, and timeshare units, 300,000 square feet of commercial space, and an indoor water park. But environmental groups argued it would bring heavy traffic, worsen wildfire risk, pollute Lake Tahoe, and urbanize the scenic mountain area. "Some of the stuff just didn't make sense," Patterson added. Under the settlement, the number of bedrooms in the project will be reduced by 40 percent. Commercial space in the village area will be cut by 20 percent, and plans for the indoor water park have been dropped entirely. "The conversations were really rooted in coming to common ground and finding a way that we could evolve the resort forward and invest in the community," said Amy Ohran, president and COO of Palisades Tahoe. One of the most significant terms of the agreement permanently protects the land at the base of Shirley Canyon, a popular hiking area, from any future development. "We have found alignment and common ground on a plan that really works to move us forward," Ohran said. Community meetings on the revised plans are expected to take place in the coming months. Placer County's Board of Supervisors must still approve the project before construction can begin.


San Francisco Chronicle
a day ago
- San Francisco Chronicle
Huge Palisades Tahoe ski village expansion will be much smaller with new compromise
A controversial development plan approved last fall that would greatly expand the Palisades Tahoe ski village will be significantly scaled down after a compromise with conservation groups. The League to Save Lake Tahoe, which had challenged the plan approval in a complaint filed earlier this year, called the compromise 'a landmark agreement … to limit and cap future development at the famed resort,' according to a Tuesday press release. The approved plan, first proposed in principle 14 years ago, called for adding 850 lodging units, 1,500 hotel rooms, 300,000 square feet of commercial space, housing for hundreds of resort employees and more to the resort's base village in Olympic Valley. The idea was to create 'a world-class village commensurate with our world-class mountain," former Palisades President and COO Dee Byrne said in November. Tahoe-area conservation organizations had been fighting the proposal for years, saying it would worsen traffic congestion in North Tahoe and generally undermine the character of nearby mountain communities. After the plan gained approval from the Placer County Board of Supervisors last fall, nonprofits Sierra Watch and the League to Save Lake Tahoe filed a lawsuit to block the development. However, according to a Tuesday statement from the league, rather than litigate the plan in court, the two nonprofits and the resort engaged in good-faith conversations as well as 'some hard-nosed negotiations' and were able to come to amicable terms on changes to some aspects of the project. They include a 40% reduction in the number of 'bedrooms' and a 20% reduction in the size of the 'main village area,' according to a letter from Palisades President and COO Amy Ohran posted to the resort's website Tuesday morning. Also, the resort will create a conservation easement to preserve land at the base of Shirley Canyon — which had been slated for development — for recreation and public access. The compromise affirms the 'permanent elimination' of a highly controversial indoor waterpark that at one point was part of the proposal, according to Palisades. The agreement 'prevents additional development within the Specific Plan boundary for 25 years,' according to Palisades. 'We are listening and taking a different approach, and we feel good about the outcome,' Ohran said in her Tuesday letter. She added: 'I hope you'll agree that the common ground we found is more reflective of the collective voice of our community.' A revised plan is yet to be formally approved by the Placer County Board of Supervisors, according to Palisades. It will be shaped, in part, by a fresh round of community meetings about the project in the months ahead. Once revisions are approved, Sierra Watch and the League to Save Lake Tahoe have pledged to drop their lawsuit.
Yahoo
a day ago
- Yahoo
New controversial plan wants to tokenize Gaza real estate for investors
New controversial plan wants to tokenize Gaza real estate for investors originally appeared on TheStreet. As the Israeli military action in occupied Palestinian territories continues, the Financial Times recently published two news reports that detail the involvement of the Boston Consulting Group (BCG) and the Tony Blair Institute in a project to "relocate" Gazans. Notably, BCG's plan used innovative models such as tokenization of real estate in Gaza via blockchain refers to the process of using blockchain technology to digitally represent real-world assets (RWAs) such as real estate as tradable tokens and offer fractional ownership of the assets to prospective investors. To put it simply, the process of tokenization digitizes and fractionalizes real estate. The BCG's plan envisioned all of Gaza's public land being put into a trust, whose assets could be tokenized and sold as digital tokens to prospective investors. The plan also considered offering the residents of Gaza an opportunity to "contribute" their privately owned land to the trust in return for a digital token. The token would give Gazans the right to a permanent housing unit. As per the report, BCG entered into a multimillion-dollar contract to help launch an aid scheme for the shattered enclave and also modelled the costs of 'relocating' Palestinians from Gaza, the report mentioned. As per the report FT published on July 4, the group considered a scenario that estimated that more than 500,000 Gazans would leave the enclave with 'relocation packages' worth $9,000 per person. It suggested that around 25% of Gaza's population might leave permanently. However, BCG claimed that the partners running the project repeatedly misled the consultancy's senior figures on the scope of the work. BCG said in reference to the work on post-war Gaza: 'The lead partner was categorically told no, and he violated this directive. We disavow this work.' The group added that it stopped the work, took no fees, and launched an independent investigation: 'We are taking steps to ensure this never happens again.' It was a Washington-area security contractor called Orbis that engaged BCG on the project. Orbis was preparing the study on behalf of an Israeli think tank, the Tachlith Institute, people familiar with the project told FT. As per the report FT published on July 6, the Tony Blair Institute staff also participated in the project. The Tony Blair Institute (TBI) is a non-profit founded by the former British prime minister Tony Blair in 2016. Titled the 'Great Trust' and shared with U.S. President Donald Trump's administration, the plan envisioned a 'Trump Riviera' and an 'Elon Musk Smart Manufacturing Zone' in had earlier shared a plan to rebuild the Gaza Strip as the 'Riviera of the Middle East' and suggested emptying the region of its 2.2 million people, a plan rights groups and United Nations officials equated to ethnic cleansing, FT wrote. Though the TBI didn't author or endorse the final slide deck and its own document didn't refer to the relocation of Palestinians, its two staff members were part of message groups and calls as the project involving BCG developed, people familiar with the work told FT. The institute told FT that its staff were 'essentially in listening mode' on these chats and it has never authored, developed, or endorsed any proposal "about relocating Gazans." New controversial plan wants to tokenize Gaza real estate for investors first appeared on TheStreet on Jul 7, 2025 This story was originally reported by TheStreet on Jul 7, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data