The New Cal Neva Lodge received a Notice of Default today, having missed the 1 February installment of their $29,000,000 loan – $20,901,488.41 owing. They are delinquent on their last 2 property tax payments to the tune of $34,000. There have been a lot of permits pulled and work undertaken, but 12 Mechanics Liens have been filed since the first of the year (link also has the Loan info if you want to follow it).
Bummer. The place has a lot of HISTORY, and I was excited about the renovation. Hope things work out.