Kalahari Resorts announced that it has begun the planning and development of a US$350 million, 150-acre (60 hectare) resort complex in Pennsylvania’s Monroe County.
Kalahari recently submitted preliminary land development plans for the proposed Kalahari Resorts & Convention Center – Poconos development.
The project would be completed in three phases. The first phase includes a 450-room resort, a 100,000-sq ft (9,290-sq m) indoor water park, a two-acre outdoor water park, a 65,000-sq ft (6,038-sq m) convention center, a 30,000-sq ft (2,787-sq m) indoor theme park/arcade and 6,000 sq ft (557 sq m) of retail space including two full-service restaurants and is tentatively scheduled to open in late 2014 or early 2015.
The Kalahari development team is talking with local officials about a possible tax increment financing (TIF) plan to help advance the new development and pay for infrastructure including gas, sewer, water and street improvements. The TIF is paid for by the real estate taxes assessed on the value of the Kalahari project. Kalahari will pay 100% of the TIF financing, not the community.
The privately held Kalahari Resorts, Wisconsin Dells, Wisconsin, currently operates two African-themed resorts, one in Wisconsin Dells and the other in Sandusky, Ohio.