The city has acquired 44 acres of land where the resort was set to be built in the Northwest. She said the agreement is "performance based" and the business had not received any incentives from the city or county. Herrera said Great Wolf Resorts is going to "re-prioritize future expansion plans." "This COVID-19 health crisis has brought a significant economic shift that has impacted the entire hospitality industry and has forced them to make several difficult business decisions such as this one." "As a result, (Great Wolf Resorts) will be terminating our chapter 380 and 381 economic development incentive agreements, so that would include both the city and county," said Jessica Herrera, the city's director of economic and international development. Great Wolf Resorts announced they'd be unable to move forward with the plan due to financial challenges stemming from the coronavirus pandemic. The company informed city officials Friday of their decision after five years of talks with city and county officials. The agreement also promised property tax rebates, city hotel tax rebates and city sales tax rebates for over 15 years. The city had agreed to provide up to $4 million a year for 10 years as part of its deal with Great Wolf Lodge from dollars collected through El Paso Electric Franchise fees, if the deal had been deemed ineligible for state incentives. The agreement was set to advance an investment between $150 and $160 million for a resort and was touted as a step toward magnifying the region as a destination for tourism. Great Wolf Resorts has pulled out of the multi-million-dollar agreement with the city of El Paso to build a resort in the Northwest part of the city, according to a city officials. The coronavirus pandemic has taken its first casualty in El Paso's economic development plan: Great Wolf Resorts dropped plans to come to the city. Watch Video: A look inside El Paso during coronavirus, COVID-19 crisis
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