A planned renovation of the closed Cal-Neva Lodge & Casino is on hold as the owner undergoes bankruptcy reorganization.
California-based Criswell-Radovan bought the Cal-Neva in 2013 with the intention of renovating and reopening the resort. But after several missed target dates, Criswell-Radovan has filed for bankruptcy protection in a U.S. Bankruptcy Court in California.
The resort is located on the north shore of Lake Tahoe, includes a 10-story hotel tower and 6,000-square-foot casino, and once was owned by Frank Sinatra.
Criswell-Radovan has an active construction permit that is effective through Oct. 15, 2018, and local officials say they hope the renovation can be completed.
The resort is considered by locals to be the most historic on Lake Tahoe, and its Rat Pack connection via Sinatra adds a level of nostalgia that still resonates with visitors to that area.
