Carrie Rengers

S&O Investments drops out of $60 million Goddard deal

Welcome sign on US 54 highway in Goddard.
Welcome sign on US 54 highway in Goddard. The Wichita Eagle

Two months after the city of Goddard secured a new development deal for its almost $60 million aquatic and entertainment park, the relationship has ended.

“The City is without a doubt disappointed in this latest development,” said a late Friday afternoon post on the city of Goddard’s Facebook page.

In early December, Goddard signed a deal with S&O Investments. The Facebook post does not say what happened, and neither the city administrator nor mayor returned calls for comment over the weekend.

In October, Have You Heard? reported that subdeveloper Bruce Neviaser, who is managing partner of Milwaukee and Dallas-based Imagine Resorts & Hotels, couldn’t secure financing and dropped out of the project.

With the S&O deal off, the Facebook post says that Goddard “nevertheless remains committed to this project, which includes nearly $30 Million in STAR bond proceeds, and desires to see it completed on terms that are fiscally responsible for the taxpayers of Goddard.”

The post also says Goddard Destination Development is still the master developer for the project, which includes plans for a hotel and restaurant.

“This project will bring jobs to the City, spur economic growth, and deliver many of the amenities that residents have been requesting for many years.”

Carrie Rengers: 316-268-6340, @CarrieRengers