Lake Tahoe Revitalization May Reduce Business Risk

Lake Tahoe Revitalization May Reduce Business RiskLawmakers are attempting to gain funds to assist in environmental relief for Lake Tahoe. Both Republican and Democratic senators are pushing for the efforts to be realized after six years of failed attempts since 2009. While these efforts will help maintain the natural beauty of Tahoe, there is another benefit to these proposed ideas, as well: improved business. To prepare for these potential changes, don’t hesitate to acquire Lake Tahoe outdoor Recreation Business Insurance as the industry business will likely increase.

Nevada’s senator Dean Heller stressed the importance of the funds by stating “If Nevadans and Californians can all agree upon one issue, it is the protection of Lake Tahoe.  Anyone who has been to the Basin understands why it is important we protect its natural beauty for future generations-the Lake Tahoe Restoration Acts will do just that.”

A similar act was passed in 2000 and authorized an estimated $300 million in funds to restore Lake Tahoe. However, upon its expiration in 2010, senators such as Dianne Feinstein have pressed for additional legislation to continue the efforts.

This updated act will disperse $415 million among a number of different efforts over the course of 10 years. However, congress’s cooperation is still required to authorize appropriation bills to make the money available. This year’s backing of the act is monumental including senator approval and advocacy groups with involvement in D.C

As the updates and preservation efforts will benefit the environment and local businesses, the risk for the outdoor recreation industry are decreased. Here are some of the appropriation figures, as reported by the Sierra Sun:

  • Wildfire Prevention- $150 million for fire hazard reduction in high-risk areas
  • Environmental Improvement Program- $80 million to fund projects such as bike trails and creek restoration
  • Storm Water Projects- $113 million to implement and manage storm water and erosion control systems
  • Lahontan Cutthroat Trout Recovery- $20 million to recuperate the federally threatened species, which is also Nevada’s state fish

At Cal-Nevada Insurance Agency, we understand the importance of driving outdoor recreational business. As an outdoor community, we strive to protect Lake Tahoe’s recreational empire by offering comprehensive coverage at competitive prices. To learn more about our offerings, contact our specialists today at (866) 670-5948.