Parton vs Gaylord: Nashville Water & Snow Park

Superstar Dolly Parton will no longer be involved in the plan to redevelop Nashville’s Water and Snow Park. The country singer withdrew from the project after shareho...

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Parton vs Gaylord: Nashville Water & Snow Park

Posted by Gary Ashton: RE/MAX ADMIN on Tuesday, October 16th, 2012 at 1:35am.

Superstar Dolly Parton will no longer be involved in the plan to redevelop Nashville’s Water and Snow Park. The country singer withdrew from the project after shareholders for Gaylord Entertainment, which was her partner-to-be in the venture, voted to reorganize the company into a Real Estate Investment Trust where the new Ryman Hospitality Properties will turn over management of its resort properties to Marriott International.

Parton first announced plans for the park last January wherein she said that it was going to be a $50-million venture, which would be the first of its kind in United States and was projected to be open as early as summer 2014. Gaylord was to work alongside Parton. In addition, the Grand Ole Opry Country Musical Show in Nashville was also set to be involved, until plans for the reorganization were announced last May.

In an August news conference, Parton said that the Nashville Water & Snow Park project was on hold while Gaylord straightened some things out; meanwhile, the company announced that it was disappointed that Parton would no longer be part of the said project. However, Gaylord said that they will continue to believe that a water and snow park attraction on the property adjacent to Gaylord Opryland would be a valuable contribution to Nashville’s tourism industry, and promised that they will endeavor to find another quality partner so that this important tourism project can become a reality.

After Gaylord’s statement last news conference, Parton said on Friday that Gaylord makes decisions that are only good for their company and the stockholders while she has to make decisions based on what is best for her and the Dollywood company. One of Dollywood company’s business is the Dollywood theme park and Splash Country in Pigeon Forge that attracts approximately 4 million visitors yearly. Parton also owns the Dixie Stampede dinner in theater in Pigeon Forge.

 

Gary Ashton

The Ashton Real Estate Group of RE/MAX Advantage

The #1 Real Estate Team in Tennessee and #4 RE/MAX team in the world!

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