by Adam Jensen

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December 15, 2012
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Work could resume on stalled project

Work on the stalled development near the state line could begin as soon as this spring, according to statements by South Lake Tahoe City Manager Nancy Kerry this week.

Bill Owens, the president and CEO of Owens Financial Group, has closed escrow on 20 of the 29 parcels that make up the development and has approached the city about building some of the project, Kerry said Tuesday.

"Basically it would be a portion of the previously approved project," Kerry said. "It's not a new project or a different project. It's the same project, but the frontage, the Highway 50 frontage …

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The Record Courier Updated Dec 15, 2012 02:16PM Published Dec 15, 2012 02:15PM Copyright 2012 The Record Courier. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.