SOUTH LAKE TAHOE, CA -- It's been a construction site for years with little progress made -- now work is continuing on The Chateau on the south shore.
South Lake Tahoe, California mayor Tom Davis said the project is "commonly known at Lake Tahoe as the hole in the ground." The site features concrete spires and metal rebar, enclosed by chain link fence.
Davis said construction essentially came to a halt when the financial crisis hit five years ago. The project is located just across the state line into California on highway 50. Harvey's at Lake Tahoe overlooks the site.
A Harvey's representative said: "up at Harvey's on the 19th floor people look down and say: 'what in the world is that?'"
The City of South Lake Tahoe recently issued a building permit to Owens Financial of the bay area to begin construction again. The city said the next phase of the project could be finished in about a year -- it will include a sidewalk along highway 50 as well as retail space and a night club.
Davis said it's not known when the entire project will be finished. Plans once called for a hotel and convention center.
Davis said roughly forty are being put to work building this latest phase.