Lake Tahoe is famous for its clear blue waters and beautiful, natural surroundings. But along its north shore, visitors are treated to another sight: a boarded-up casino.
The Tahoe Biltmore, closed since 2022, is slated to be demolished and replaced with the Waldorf Astoria Lake Tahoe, a $730 million project by owner EKN Development. But the Biltmore’s rundown main building is still standing following a series of issues.
A notice of default was filed in April over an $85 million loan on the property, located in the unincorporated Crystal Bay community on the Nevada side of the alpine lake. A foreclosure auction was then scheduled for August, Washoe County records show.
