revenue

The South Shore of Lake Tahoe is divided by lines. These state, county, and city lines work well on a map, but they do not define the day-to-day reality of the people who live and work in this community. In the last decade we have seen definitive projects reshape South Shore – Heavenly Village, Lakeview Commons, Harrison Avenue Streetscape. We have seen new bike trails and the opening of a bi-state park.

The Nevada Gaming Control Board released their gaming revenue figures Wednesday, and revenue for casinos on the South Shore experienced the biggest gain they've seen in months.

Net revenue for local casinos is up 17.26% when compared to figures from November, 2014, leaving their fiscal year total still down. Local casinos figures are 11.38% lower than the same period last year.

In the state of Nevada, casinos as a whole experienced a net gain of 7.76%, leaving the fiscal year totals almost even with the the prior year.

The visions are big for a new recreation center in South Lake Tahoe. A large indoor aquatic center, a senior center with services, a modern and sustainable building. A large gymnasium

Almost 50 people attended the first of four community meetings to discuss what the South Lake Tahoe Recreation Center will provide, how it will look and function. New Mayor Wendy David and Mayor Pro Tem Austin Sass were at the meeting long with members of the Planning Commission, Park and Recreation Commission, and other citizens.

Revenue for casinos on the South Shore continue to slide according to the Nevada Gaming Control Board who released their gaming revenue figures for the month of October today.

Income before expenses and taxes was $18,213,338 for Stateline casinos.

Net revenue for local casinos is down 3% when compared to figures from October, 2014, bringing their fiscal year total to 14.99% lower than the same period last year.

In the state of Nevada, casinos as a whole experienced a net loss of 2.85%, leaving the fiscal year totals almost even with the the prior year. Their "win" is $887,577,506

Affordable housing advocates say it would open up more housing and help reduce the city's skyrocketing housing prices.

Airbnb has spent more than $8 million and hired a top political operative to defeat a San Francisco initiative on the ballot Tuesday that could threaten the growth of one of the most valuable global technology companies.

Proposition F, which would limit short-term rentals, was brought by affordable housing advocates fed up with the city's housing stock being used as rentals for tourists while residents face skyrocketing rents and evictions.

U.S. and Nevada regulators have fined Caesars Entertainment Corp.’s bankrupt unit a total of $9.5 million for deficient anti-money-laundering controls at its Caesars Palace VIP rooms, which cater mainly to Chinese high-rollers.

City Manager Nancy Kerry and Mark Carlson, the City's Administrative Services Director presented the 2015-16 Fiscal year budget to the South Lake Tahoe City Council during a workshop Tuesday.

"There is a lot we can be proud of," Kerry said.

The budget process has been ongoing since May, involving staff in making the decision on where to cut back, and where to spend.

El Dorado Hills resident Jeffrey Lamson, 51, pleaded guilty today to wire fraud in connection with a scheme to embezzle money from his former employer.

According to court documents, from at least 2009 through 2011, Lamson embezzled over $400,000 from a company located in Placer and Sacramento Counties while he served that company as controller. Lamson used company funds to make unauthorized payments to himself and others and made payments to a fictitious vendor, controlled by Lamson, for services that were never performed.

A California woman was sentenced to 130 months in prison for her role in a half-million dollar Costa Rica-based “sweepstakes fraud” scheme that victimized hundreds of U.S. residents.

Patricia Diane Clark, 57, of Sacramento, California, was sentenced today by Chief U.S. District Judge Frank D. Whitney for conspiracy to commit wire fraud, wire fraud and conspiracy to commit money laundering. Clark was also ordered to pay $642,032 in restitution and to forfeit the same amount jointly and severally with her co-defendants.

After years of planing and months of public input, the new Airport Master Plan for South Lake Tahoe was presented to the community on Tuesday. About a dozen people attended to see and hear what the final plan might look like.

Since buying the Tahoe Valley Airport from El Dorado County in 1983 for $1, the City of South Lake Tahoe has been supporting its operation which at one time saw almost 300,000 people a year pass through.

Join community members on Wednesday, June 24 at the next 'Tahoe Talks' session when the topic will be "Law Enforcement Strategies to Improve Pedestrian and Cyclist Safety."

Someone from the South Lake Tahoe Police Department will be on hand to provide discussion and answer questions after the viewing of a short webinar produced by the Association of Pedestrians and Bicyclists.

Webinar presenters:
Jim Curtin, City of Seattle Department of Transportation
Brian Dougherty, City of Seattle Department of Transportation

An effort by some residents of Olympic Valley to turn the small Sierra Nevada community into a town has attracted notable opposition from Squaw Valley, the ski resort that would provide most of the new municipality’s income.

Several counterfeit bills have been used for transactions on the west slope of El Dorado County, even days after the arrest of one suspect. On May 8, the Sheriff Deputies were called to the Round Table Restaurant in Pollock Pines after a man tried to buy food with a counterfeit $100 bill. He and a woman left before deputies arrived but a description of the pair and their vehicle was provided to EDCSO.

There’s no shortage of views on the question of legalizing recreational marijuana in California.

That much was evident at a series of focus groups earlier this year, where 48 men and women representing a cross-section of the state filed into rooms with one-way mirrors to share their opinions. The research is aimed at shaping an expected legalization initiative for the 2016 ballot.

Good news for shareholders of Vail Resorts Thursday after the results for the second quarter of the fiscal year were released. Vail operates real estate, ski resort and lodging segments including Heavenly, Kirkwood and Northstar Mountain Resorts in Lake Tahoe.

Vail Resort's net income was $115.8 million for the second fiscal quarter of 2015, representing a 95.3% increase compared to the same period last year.

With the South Lake Tahoe airport not having scheduled passenger service since 2001, and with a master plan last updated in 1992, it was time to create a new plan based on the needs of the area today, and in the future.

The FAA gave funding support to the City to initiate the new master plan in 2013. The recommended development shall be presented in three planning periods; short-term (2015 to 2019), intermediate-term (2020 to 2024), and long-term (2025 to 2034).

South Lake Tahoe Fire Chief Jeff Meston gave a detailed explanation of the 14-year old California Tahoe Emergency Services Operations Authority (Cal Tahoe) during Tuesday's City Council meeting. At the end of it one message was clear: El Dorado County needs to pay up.

The Nevada Gaming Control Board released figures Friday that show the Douglas County casinos on the South Shore of Lake Tahoe had a net loss of over $89 million in Fiscal Year 2014. Their total gaming revenue was $184,671,937 which is down 6.1% from the previous year. Total revenue including hotel, food and beverage was $337,090,380, down 3.6%.

In Nevada there were 270 casinos which grossed more than $1 million in FY2014. Together they took in $23,075,800,492 and is a net loss of $743,688,008.

The stages were being set up Monday at the Community Play Fields in South Lake Tahoe. Large tents could be seen from Al Tahoe Blvd as work crews were busy getting things ready for SnowGlobe which will be in South Lake Tahoe December 28-31.

Residents in the neighborhoods surrounding the fields and Lake Tahoe Community College received a letter recently from the City of South Lake Tahoe, alerting them that the three day outdoor concert is once again coming to the South Shore.

Many South Lake Tahoe residents find themselves dreading weekends, especially during ski season and the summer. Why you may ask? Because of the throngs of people headed for the vacation rental homes in their neighborhoods.

To Our Community,

Our journey toward Measure F began in May 2013, when Lake Tahoe Community College enacted “Investing In Our Future,” a fiscal stability plan to ensure the sustainability of LTCC for the next 40 years. The first step in this plan was to build a shared vision of the future. In September 2013, LTCC leaders brought community members, faculty, staff, students, K-12 educators, and elected officials together to develop that shared vision.

(http://www.laketahoenews.net/2013/09/ltcc-engages-locals-pave-future-path/)

The Tahoe Douglas Sewer Improvement District is being sued for failure to abide by the Nevada Public Records Act and not providing payroll records when asked.

In a lawsuit filed in the Ninth Judicial District Court (covers Douglas County), the Nevada Policy Research Institute claims that the TDSI has refused to their request for the district's compensation records.

They say that, in the seven years NPRI has run TransparentNevada.com, the Tahoe Douglas Sewer Improvement District has been the least responsive government agency in Nevada.

Parking rates for Heavenly Village retailers wishing to validate customer's tickets were lowered from $1.50 per hour to $1 per hour in Tuesday's South Lake Tahoe City Council meeting. The movie theater validations were lowered from four hours to three hours as well.

It always seems like every time we turn the corner someone wants more money, from the tax collector to the grocery store owner. There are many in our community that feel parking meters should go away, but I am not one of them.

Trust me, I don't like paying for things that used to be free, but I feel the benefits of having parking meters in place in South Lake Tahoe far outweigh the 'cons.'