No bids at foreclosure auctions for Cal Neva Tahoe
No bids at foreclosure auctions for Cal Neva Tahoe
ShareThisBy Dale Kasler
dkasler@sacbee.com
Published: Wednesday, Apr. 8, 2009 - 4:06 pm
Last Modified: Wednesday, Apr. 8, 2009 - 4:32 pm
Unable to find a buyer for the ailing Lake Tahoe casino once owned by Frank Sinatra, the resort’s reluctant owner said it will keep the place open anyway.
The Cal Neva went up for sale Wednesday at dual courthouse auctions in Roseville and Reno, but there were no bids. The 83-year-old property lies in both California and Nevada, on Tahoe’s north shore.
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