The Tahoe Biltmore Lodge and Casino, a once-vibrant landmark, is set for public auction following its closure in 2022 due to loan default by EKN Development.
Currently, the shuttered hotel is surrounded by chain link fences with plywood boards covering many of the doors and windows; its abandonment is a major eyesore.
EKN is working diligently to restructure the existing loan and expects to complete this process in the next three to four months, according to EKN's CEO.
The auction, originally slated for August 13, has been postponed to October 8, highlighting the uncertainty surrounding the property’s future.
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