The Waldorf Astoria is coming to Lake Tahoe

And you'll never guess where ... 

If you've ever driven past the old (crumbling) Tahoe Biltmore on your way to Incline Village and wondered why such a prime location features such a dilapidated building, you're not alone. Plans to redevelop the property have been in the works for more than a decade. 

Trex co-founder Roger Wittenberg bought the property in 2007 through Boulder Bay LLC (namesake of the luxury townhomes you can see from the road at the east end of the property), and shepherded an earlier version of the redevelopment through the Tahoe Regional Planning Committee's regulatory process.

Then, in the fall of last year, California developer Ebbie Khan Nakhjavani acquired the property with a…

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Reading the Fed's Tea Leaves

I read an interesting op-ed piece recently. An economist on a cross country flight from NY was sitting next to a homemaker (he didn't exactly call her that, but that's what he meant), and when she realized what he does for a living, she peppered him with questions about Jerome Powell and the direction of the Federal Reserve. He didn't mind talking about it; that's what he does for a living. But he marveled at the fact that an average American was so studied in the politics of the Federal Reserve; that spoke volumes.

Beyond knowing the names of the past Fed Chairs, I can't say that I gave it much thought before now either. But 2022 changed all that.  Like a lot of Americans, I'm now hanging on Powell's every word because…

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Tahoe Donner HOA Fees Explained

With 6,500 homeowners in the hills above Truckee, Tahoe Donner is one of the nation's largest homeowner associations. It's governed by a 5-member Board of Directors who are elected by the owners. The Board voted to increase the 2023 annual HOA fee to $2,624 a year.  (For 2024, it's been raised to just under $3,000/year.  But changes are in store that would include another HOA rate hike in conjunction with doing away with the add-on fees for amenity access ... stay tuned for more on this).

Tahoe Donner HOA fee

Everyone who owns in Tahoe Donner (even vacant lot owners) is responsible for the annual HOA fee, which pays for staffing and subsidizes the operation of many Tahoe Donner amenities, some of which rely on the subsidy to pay…

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