This project will diversify the property tax base by bringing a new industry – the resort/convention business – to Round Rock. We expect this project to generate millions of dollars in annual revenue to local governments and the state, and will provide many jobs for varying experience levels including: full time, salaried, part-time and hourly opportunities.
Kalahari intends to invest at least $350 million in the project, which will create significant property tax revenue to the City, Williamson County and Round Rock ISD. And, while the City has successfully diversified our sources of sales tax revenue over the past 10 years, we have not had a single project add this much value to the property tax rolls.
We anticipate the project will bring in approximately $4.7 million in annual net, direct tax revenues to the City in the first 10 years of operations.
The City believes the development will also attract additional business, development and investment in Round Rock and Williamson County.
Updated Dec. 9, 2016