The process of attracting and negotiating for the construction of a major project can have a lot of steps, but what appears to be a final action on the planned Nickelodeon hotel goes before the Garden Grove City Council when it meets tonight (Tuesday).
What’s before the council first is a public hearing, and then the adoption of a resolution approving a disposition and development agreement with Newage Garden Grove II, LLC.
If approved – as expected – the developer is committed to construct a 500-suite full service hotel on a 3.72 acre site on Harbor Boulevard, immediately south of the Sheraton Hotel.
The estimated net project revenue to the city by Year 3 is $3.5 million annually. Over 30 years, the project is expected to generate about $236.4 million to the city in a combination of “bed tax” charged to hotel guests, sales tax and property tax.
As many as 1,000 new jobs are expected to be generated from construction and in the resort.
Also on the agenda are:
- adoption of a resolution authorizing submittal of an application to the County of Orange Continuum of Care for the “Special Notice of Funding Opportunity” to address unsheltered homelessness (Garden Grove is in the process of developing a “navigation center” for the homeless, in conjunction with Westminster and Fountain Valley);
- two purchase orders for a total of 17 police vehicles with a total cost of over $800,000;
- second reading of an ordinance for a planned unit development for a two-hotel project at the northwest corner of Harbor Boulevard and Twintree Avenue;
- a purchase agreement for property at 13871 West St. for use as a navigation center for the homeless (cost: $5,650,000) and awarding a contract for architectural services for the building to Borders Architect (cost: $304,000).
The council will meet at 6:30 p.m. in the Community Meeting Center, 11300 Stanford Ave.
Categories: Garden Grove