Voters approved $51 million Tuesday in financial incentives for a proposed resort development in Arizona's third-largest city by a vote of 84-percent to 16-percent.
Proposition 300 will allow the project -- which consists of two resorts and a convention center -- to use hotel-bed taxes to promote their properties in southeast Mesa and the surrounding Phoenix-Mesa Gateway area.
The project consists of two resorts and a convention center and will use hotel-bed taxes to promote their properties in southeast Mesa and the surrounding Phoenix-Mesa Gateway area.
In September, the city announced plans to enter into an agreement with property owner DMB Associates of Scottsdale and Gaylord Entertainment Co., a Nashville-based resort business.
The proposal includes a 1,200-room hotel, 225,000 square feet of indoor meeting space and a second hotel.
The city's charter calls for voters to approve tax concessions or use of public funds for any cultural or multipurpose facility costing more than $1.5 million.
The incentives would be extended for a period of no more than 30 years.
