Sinatra's old Tahoe casino enters bankruptcy
In 2013 a Californian developer Criswell-Radovan bought the 10-story hotel and 6,000-square-foot casino property with ambitious plans to bring the resort back to its glory days. However work has stalled and came to a grinding halt in December 2015.
In its prime during the 1960-63 heyday when it was owned by Sinatra, the Cal Neva became one of the most famous resorts in the country.
With fellow Rat Packers Dean Martin, Sammy Davis Jr. and Peter Lawford, and stars like Marilyn Monroe and Joe DiMaggio all frequenting the resort all the time.
Monroe spent her last weekend alive at the Cal Neva before she died of a drug overdose in Los Angeles in August 1962.
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, the Bonanza reported.
Kristina Hill, who helped Criswell-Radovan acquire construction permits, said news of the bankruptcy filing was disappointing.
“Everybody was keen on having it renovated to bring it back to its former glory and bring it up to code,” she said. “Unfortunately, that didn’t happen.”
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