The owner of the shuttered Cal Neva Lodge & Casino once owned by Frank Sinatra has filed for bankruptcy protection, again jeopardizing plans to reopen the historic resort on the shores of north Lake Tahoe, the Associated Press reported yesterday. Criswell-Radovan, a California-based developer, purchased the property in 2013 with ambitious renovation plans. Tahoe Regional Planning Agency officials hope the developer follows through with plans to reopen the 10-story hotel and 6,000-square-foot casino straddling the California-Nevada border. Criswell-Radovan has canceled numerous announced grand openings for the property over the last several years, most recently this spring. Criswell-Radovan owed more than $27 million last month to creditors affiliated with the project, including $7 million to the lead contractor, the Las Vegas-based Penta Building Group.
