Truckee & North Lake Tahoe's Independent Newspaper | Tahoe News | Tahoe Music | Tahoe Events

NTPUD Nearing Lease Agreement for Event Center

Reads 2022 Comments 0 Printer-friendly versionprint Send by emailemail
The North Tahoe Public Utility District is conducting a series of workshops to review the draft final lease with San Francisco-based Laulima Partners for the operation and management of the North Tahoe Event Center. The lease is proposing a public/private partnership whereby the NTPUD would continue to own the facility, while Laulima would operate and manage the event center for a 30-year term, with two 20-year extensions possible. Laulima would commit to renovating the almost 60-year old building at a minimum cost of $5.6 million. Rent would start at $50,000 and gradually rise over a period of 10 years to $165,000. “This is in recognition of the importance of giving them a chance to be successful,” said NTPUD General Manager/CEO Duane Whitelaw. After the 10-year mark, rent increases will be tied to inflation.
Whitelaw stresses that the lease requires Laulima to continue community access and affordability, but costs could go up over time.
The NTPUD has been losing $90,000 annually in operating the event center, along with paying out an additional $45,000 in subsidies for free events like the yearly Christmas tree lighting.
Laulima is also constructing a hotel nearby that covers 4.5 acres on both sides of Highway 28 previously owned by the Ferrari family, including the Ferrari Crown Resort. The project includes 117 lodging rooms, 34 residential units, and 5,500 square feet of commercial space.
Laulima representatives will be at the Sept. 7 workshop, held from 5:30 to 7:30 p.m., to answer questions. The final workshop is on Sept. 12 at 5 p.m., where a possible vote could be held. All workshops take place at the event center.
Whitelaw encourages interested citizens to visit to read the draft lease and Frequently Asked Questions page with answers provided by staff, pose more questions, and give input to the board. 
By creating and using an account on Moonshine Ink, you are agreeing to our user terms and submissions policy. Read the complete terms and policy.

Don't Miss the Next Edition

Edition First-Round Deadline Drop-Dead Deadline
Feb. 14 to March 13 Jan. 25 Feb. 1
March 14 to April 10 Feb. 22 March 1

About News

Moonshine Ink brings you Tahoe news straight from the source. Our team of hardworking journalists uncovers North Tahoe and Truckee news stories with in-depth reporting and our authentic “for the community, by the community” spirit.

In our News section you’ll find the facts on everything from politics to the environment to local business. We’re your Tahoe newspaper, delivering stories you can trust.

Subscribe to the feed

Latest Tweets @moonshineink

  • Tomorrow is YOUR day to get out and share your opinion by casting your vote. We've just added a bevy of impassioned… 2 months 2 weeks ago
  • As you look forward to voting one week from today, November 6, remember we've got candidate interview videos to hel… 2 months 3 weeks ago

Look for the latest Moonshine Ink issue on newsstands now.

Look for the latest issue in newsstands now.

Or subscribe and enjoy it hot off the press in your mailbox.

January 10, 2019