By Elaine Goodman
Tahoe Business Monitor
A 1.5-acre empty lot at the southwest corner of Ski Run and Lake Tahoe boulevards is a step closer to being developed. Pasadena-based Halferty Development Co. has offered to buy the property from the city for $799,000 – an offer the city has accepted, according to City Attorney Patrick Enright. Because it’s a former redevelopment agency property, there are a few more steps before the deal is finalized.
Halferty has developed shopping centers in California, Colorado and Nevada, as well as several Southern California office buildings. They also work with Rite Aid and Sav-On drug stores. Halferty hasn’t yet talked publicly about plans for the South Lake Tahoe site, and a Halferty representa- tive was not immediately available to talk to the Monitor.
But more might be revealed when the proposed property sale goes before an oversight board on Nov. 29. The meeting is scheduled for 3 p.m. in City Council chambers. With approval from the Oversight Board, the deal would then go to the state Finance Department for approval.