Monday, March 12, 2012

Proposed Dollywood-Gaylord Entertainment Project Gets a Break

A tax break that is.

Nashville Mayor Karl Dean recently proposed a pretty attractive tax break to entice the construction of a new theme park and indoor ski slope in the Nashville metropolitan area. The driving force behind the tax break? The estimated 1,900 construction jobs, (up to) 1,800 seasonal jobs, and 500,000 annual visitors created by the project.

Dolly Parton, who operates Dollywood in a partnership with Herschend Family Entertainment, and Gaylord Entertainment announced plans back in January to construct a $50 million project. At that time, officials anticipated only 450 seasonal jobs would be created by the project, and the project was billed as a combination water park and indoor ski slope. Although they plan to open the park in the Summer of 2014, under the Mayor's plan, they would have the tax incentive for up to 12 years.

The project would be build near the Grand Ole Opry. To give you an overview of the project, the Grand Ole Opry is labeled "A" below, and the former amusement park (Opryland), turned Opry Mills mall, is labeled "B".

The project would make a return to operating an amusement park in the Nashville area for Gaylord Entertainment, which closed Opryland USA on December 31st, 1997.

Click over to USA Today for more details about the tax incentive package.