Gaylord-Dollywood project in Nashville may receive 60% tax break

Posted | Contributed by Jeff

The hospitality companies that plan to build a water and snow park in Nashville would get a 60 percent break on their property taxes — which could amount to more than $5 million over time — under a proposal submitted Friday by Mayor Karl Dean’s administration. Legislation heading to the Metro Council this month would let Gaylord Entertainment Co. and Dollywood Co., working together as a company called Park Holdings LLC, pay an amount equaling 40 percent of their real and personal property taxes for up to 12 years, starting no later than Jan. 1, 2014.