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No bids at foreclosure auctions for Cal Neva Tahoe

Larry Doss Wednesday, April 8, 2009

No bids at foreclosure auctions for Cal Neva Tahoe

ShareThisBy Dale Kasler

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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