A development and disposition agreement that’s likely the final step toward building a large Nickelodeon-themed hotel was approved by the Garden Grove City Council on Tuesday night.
On a 6-0 vote (with second district member Councilmember John O’Neill recusing himself), a resolution approving a disposition and development agreement with Newage Garden Grove II, LLC passed.
It would include a themed “pool experience” with a “lazy river,” event space that includes a 600-seat theater and grand ballroom and more.
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 approved were:
- 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).
Categories: Garden Grove