Canyon Springs property defaulted
The bulk of the land once planned for the controversial Canyon Springs development went up for sale March 6, and is now in the hands of an Oregon-based law firm.
The previous owners and would-be developers for the site east of Glenshire, Tahoe Boca LLC, defaulted, leading their lenders to put their portion of the project up for sale. About 210 of the 289 acres were owned by Tahoe Boca LLC, the remaining acreage is still owned locally by Christy and Paul Curtis.
No buyer met the minimum bid of just over $5 million on Thursday, said Andrea Walhof-Grisham, vice president of SOS (Saving Open Space) Glenshire, and the property went to the loan’s note-holder.
The Truckee Donner Land Trust is working to contact the holder, an Oregon-based law firm, to start discussions on buying the property for conservation, said Perry Norris, executive director for the land trust.
“I think we are going to find out pretty quickly whether there is a deal here or not,” Norris said.
After finding out whether the seller would be willing to work with the land trust, Norris said the next challenges would be agreeing on a price, and finding the funding.
“I think we’re in a good position, it’s clear that any development out there would be met with substantial resistance,” Norris said.
While the land trust will likely do most of the fundraising work, SOS Glenshire and the Mountain Area Preservation Foundation have also lined up to help.
“We’re anxious to help the land trust acquire the land,” said Stefanie Olivieri, board member for the Mountain Area Preservation Foundation. “It’s a very important area for the Loyalton-Truckee deer herd.”
The foundation could work with SOS Glenshire to raise funds locally that could be used by the land trust to solicit matching funds from grants or other sources, Olivieri said.
SOS Glenshire is also working to raise funds for a biological study on the area and the Loyalton-Truckee deer herd, according to a release from the group.
Originally known as Tahoe Boca, Canyon Springs proposed 213 homes east of Glenshire.
Access for the new subdivision would have gone through Edinburgh Drive and Martis Peak Road.
According to the draft environmental documents, average daily vehicle trips would increase by over 1,000 on certain local roads.
The project drew criticism for both the traffic it would put onto Glenshire neighborhood roads and the potential environmental impacts to the area.
Opponents asked that the project be reviewed under more current town standards, leading to a voluntary withdrawal of the project by the developers last summer.