HOMEWOOD, Calif. (AP) - Developers and environmentalists say they have settled a lawsuit that blocked the planned expansion of a 50-year-old ski resort on Lake Tahoe's west shore.
The Sacramento Bee reported Thursday that the settlement means the Homewood Mountain Resort project, which will cost $400 million to $500 million, will break ground in spring 2015.
The settlement comes a year after a federal judge halted the Homewood project, saying the environmental impact statement needed revision. Under the settlement, the project will be scaled back somewhat.
JMA Ventures and Homewood Village Resorts hope to turn Homewood from an unpretentious - and currently unprofitable - day ski area into an overnight, year-round destination by adding a four-story hotel, condominiums, townhouses and ski-in chalets and more retail shops.
Homewood, located near Tahoe City, has operated as a ski resort since 1962.
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