By Kevin Reagan for Casa Grande Dispatch
The Casa Grande City Council expressed optimism as it gave final approval for a development agreement meant to spur construction of an amusement park.
The council already had issued initial approval for giving tax incentives to the Block Sports Company last month so it can develop a 1,500-acre recreation resort, known as Dreamport Villages, on the southern edge of Casa Grande. But state law required the city to give the development agreement a second read Tuesday night.
The council unanimously approved the agreement a second time. During the roll call vote, some council members vocalized their excitement by stating “absolutely” instead of delivering the generic “yes.”
The agreement obligates the city to pay Block Sports tax rebates, not to exceed $124M, in exchange for public infrastructure developers would build to support the large-scale project.
The city won’t be liable to pay out if the site doesn’t develop because tax reimbursements will depend on sales generated at the site.
The project is expected to include an amusement park, hotel resort, sports complex and residential neighborhoods.
Pinal County Supervisor Anthony Smith, whose district includes the area where Block Sports intends to build, told the council Tuesday night that Dreamport would be important for future economic development.
Council members said they’re appreciative to Block Sports for helping make the city more known on a national scale.
Read more at Casa Grande Dispatch.
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