Monday, October 13, 2008

Gaylord Hotels go to Arizona

Gaylord Texan Hotel

The announcement Sept. 3 that Gaylord Hotels would build its next major venue near Phoenix-Mesa Gateway Airport. The buzz went national, in fact, as hotel-industry publications and Web sites pulsed with news of Gaylord's planned expansion.

In the month-plus since Gaylord first announced its Mesa venture, the company and DMB Associates, from whom Gaylord is buying the resort site, have been ironing out a development agreement with the city.

An early draft showed Mesa allowing Gaylord to retain bed taxes to be collected at its resort, as long as the money is used to promote its Valley venue and Arizona tourism.

Under an economic-development provision in state law, Mesa also will take ownership of the land and lease it back to Gaylord, giving the company a break on property taxes.

No drawings nor site plans for the Mesa site have been drafted. Mesa is annexing and rezoning the site.

Read the entire story HERE.

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