Wednesday, March 8, 2017

Metro Council passes $14M incentive package for Opryland water park

Joey Garrison , USA Today Network - Tennessee - Ryman Hospitality will get an estimated $13.8 million in city incentives as part of the company's plans for a new private water park at its Gaylord Opryland Resort & Convention Center following Metro Council action Tuesday.

The council voted 30-6 with four abstentions to approve on final reading a plan to keep Opryland’s property tax payments flat through 2025 after this year’s reappraisal. As a result, Metro won't take in about $1.63 million in expected annual property taxes the city would typically collect from the water park. (link)

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