North Tahoe Event Center public-private partnership on agenda next week | SierraSun.com

North Tahoe Event Center public-private partnership on agenda next week

Margaret Moran
mmoran@sierrasun.com
The North Tahoe Event Center is located just off the shores of Lake Tahoe, in the heart of Kings Beach.
Courtesy photo |

If you go

What: North Tahoe Public Utility District Board of Directors meeting

Where: North Tahoe Event Center, 8318 North Lake Blvd., Kings Beach

When: 2 p.m., Tuesday, April 12

Online: ntpud.org/board-agendas-minutes (Agendas are typically posted the Friday prior to the meeting.)

KINGS BEACH, Calif. — Officials are still waiting on a formal proposal from a San Francisco-based real estate developer that expressed interest this winter in renovating and managing the North Tahoe Event Center in Kings Beach.

The North Tahoe Public Utility District, which owns and operates the building, anticipated receiving a written plan from Laulima Development LLC by the end of March, but had not gotten one as of Wednesday, said Duane Whitelaw, NTPUD CEO/general manager.

Regardless, the NTPUD board of directors meets Tuesday, April 12, and is expected to vote to approve, deny or modify a written request for proposals for the operation and management of the center.

The district started considering an RFP earlier this year after residents requested the agency explore whether parties besides Laulima are interested in the facility.

This winter, the Bay Area developer approached the PUD and verbally proposed a public-private partnership, in which it would replace the existing structure with a new two-story, maximum 28,000-square-foot center.

Under the potential partnership, Laulima, which is in escrow on the nearby Ferrari Crown Motel, would manage the Event Center as an asset for its lodging property, while still making it available for public and community use.

Upon being notified of the possible issuance of an RFP, Laulima informed the PUD it will submit a written request as part of the RFP process, Whitelaw said.

An RFP could provide the board the opportunity to consider multiple proposals for the Event Center, including any proposal submitted by Laulima. However, the board would not be required to select a submitted proposal as part of the process.

Next week’s meeting comes after a recent analysis of the Event Center’s finances revealed the facility has experienced an average annual loss of $90,000 in the past 10 years.

That figure does not account for the annual capital asset replacement shortfall ($80,000) for the same time period.

For years, the NTPUD has been working to find a solution to the funding shortfalls of the Event Center, according to the district.