DENVER
Gaylord Entertainment won’t get all the economic incentives it
sought for a proposed 1,500-room convention center/hotel complex near Denver,
but the Nashville-based hotel chain may go ahead with the project
anyway.
“We are excited about the greater Denver region and will review
the overall viability of the project in its current form and structure given
this decision ...,” said Colin Reed, Gaylord’s chairman and CEO, after a
Colorado economic development board gave Gaylord about half of what it had
sought.
“We look forward to working with the commission over the coming
months to finalize the details,” Reed said in a statement Friday
evening.
The Nashville-based company earlier this year had threatened to
drop the $824 million project if it didn’t get a sweeter deal on a multi-year
rebate of state sales tax revenue its hotel would generate.
