The Goddard City Council on Tuesday approved the first phase of a $130 million destination athletics/hotel/restaurant/retail project along West Kellogg.
The project from Goddard Destination Development includes a natatorium – a 60,000-square-foot competitive swimming complex – integrated into a 150-suite hotel, along with baseball fields, restaurant pad sites and the utilities and roads to support them.
That part of the project is expected to break ground this summer and be done in the summer of 2015.
Adjacent to the natatorium is another roughly 100 acres owned by developer John Dugan destined for restaurants, apartments and retail, including the already standing Wal-Mart.
Goddard will issue $25.4 million in STAR bonds toward the natatorium/hotel phase of the project. The cost of the bonds would be repaid by taxes generated on the property: state sales tax, the city’s share of state sales tax, the transient guest tax and a 1 percent increase in the sales tax on the site for a community improvement district. STAR bonds are issued for large, unusual, high-quality projects that promise to attract visitors from outside the metropolitan market area.
The council, which has been working with the developers for two years, voted 4-0 to approve the project plan and the development agreement.
City Administrator Brian Silcott said the city continues to hear from developers about development sites on the property.
“The project has been well-received by retailers,” he said. “As we proceed with the development’s construction, we think we’ll see more calls from site selectors and retailers.”