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Parton could receive tax break on Nashville water park

9:56 PM, Mar 9, 2012   |    comments
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When Dolly Parton builds her new water and snow park in Nashville, she's set to receive a pretty big thank-you gift in return.

Parton announced plans to the park back in January. She says its partnership between Gaylord Entertainment and the Dollywood Company will be the first of its kind.

Friday, Nashville Mayor Karl Dean filed legislation that would give Parton's company and Gaylord a 60 percent break on their property taxes for up to 12 years.

Nashville wants to offer that kind of deal because number released Friday show the park is expected to generate more than 1,900 direct and indirect jobs during construction, and 1,800 once the park is open. It's also expected to host 500,000 visitors a year.

It will generate $1.6 million in annual sales tax revenue for Nashville and the state.

The park will sit on 100 acres of land near the Opryland Resort and Convention Center.

Groundbreaking is set for this Fall.

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