New Lake Tahoe Lodge praised as boon to economy, environment
Milbank, Tweed, Hadley & McCloy LLP has advised on the financing and development of the Edgewood Tahoe Lodge in Stateline, Nevada. Completion of the deal was contingent upon protecting wetlands and limited storm water runoff harmful to the lake. After two decades of overcoming a series of stringent regulations, the $100 million lodge opened in June 2017.
Milbank advised the owner, developer and operator Edgewood Companies in the transaction with a deal team led by Corporate partner Ken Baronsky and Leveraged Finance of counsel David Isenberg.
