Dolly Parton announced Friday her company will no longer partner with Gaylord Entertainment to bring a new attraction to Nashville.
The first phase of the project was set to open in summer 2014, with a $50 million water and snow park.
Parton based her decision on Gaylord's plans to sell the daily operation of its Opryland Resort and Convention Center to a third party.
"Gaylord makes decisions that they feel are good for their company and their stockholders and I have to make decisions based on what is best for me and the Dollywood Company," said Parton. "Governor Haslam, Mayor Dean, and all the folks in government have been great to work with. I really appreciate their support through this process."
"I think everyone knows I love Nashville and I hope the work we've already done will spark more family entertainment in Nashville," Parton added.
On Wednesday, Gaylord Entertainment Company shareholders approved the plan to reorganize as a real estate investment trust and turn over management of its four resort properties to Marriot International Inc.