Grand Prairie, Texas, has been spared what could have been the nation’s first indoor ski resort and Hard Rock Hotel. The project’s developer, The Grand Alps Group, pulled the $215 million proposal after a meeting with Grand Prairie’s mayor and city manager. They were not happy about losing the big fish. “We were a little surprised,” City Manager Tom Hart told the Dallas Morning News. “We thought we had a pretty good meeting.”
In a press release, Sherman Thurston, Grand Alps’ CEO, cited a disagreement about “terms and conditions and costs” as his reason for pulling out of the deal. Apparently the $30 million in tax exemptions, offer to purchase half the land, and return of 75 percent of the hotel-motel taxes that Grand Prairie promised Thurston wasn’t enough to convince the developer, who claims to already have financing in place to build the project, including $100 million from foreign investors, mostly Chinese. Grand Alps is currently looking for other possible sites in the Dallas–Fort Worth area.