Gaylord May Pull Harbor Expansion Plan Prince George's County

Summary

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Officials from Nashville-based Gaylord Entertainment have threatened to pull a proposed $133 million expansion to its mammoth National Harbor project in Prince George's County if local officials approve legislation tying public funding for the expansion to a specified amount of minority business involvement.

Prince George's County Council Bill No. 14, set for a final vote tomorrow, would tie the release of $50 million in bonds to the company, paying no less than 15 percent of the expansion's construction fees, to minority businesses. The company would receive $25 million regardless. But the bill sets a target of 15 percent minority business participation; if the target is not met, the bond amount paid out would be reduced by however much the target is missed. So, if only 5 percent of contracts went to minority businesses, then Gaylord would only receive a third of the full amount.

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Gaylord May Pull Harbor Expansion Plan Prince George's County

The Nashville-based company, which specializes in large, inclusive hotel and convention center resorts like its Gaylord Opryland, said it has no problem meeting or exceeding the goal. But adding the stipulation to the bonds would make them unmarketable,...

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