Bay Area Edition | October 2022

WEBSTER'S CONTRIBUTION The city of Webster signed a Chapter 380 agreement with Great Wolf Resorts, a series of incentives for the company to choose Webster for its 22nd resort.

City ocials declined to provide a timeline on the construction for the project. Giusto said the city expects additional areas of the Flyway devel- opment will be under contract before the end of the fourth quarter of 2022. “This is going to be such a walkable development,” Giusto said. “Flyway is going to be a place for people to come and spend a lot of time here. And Great Wolf Lodge—who could ask for better hospitality?” Dan Seal, executive director of economic development at the Bay Area Houston Economic Partnership, said the search for potential business partners at Flyway is highly compet- itive. He said he was not able to elab- orate on his knowledge of specic business deals at the development due to condentiality agreements. “They’re not only looking at this area, but they’re also looking at other cities in Texas. They’re also looking at other states,” he said. Seal said the Great Wolf Lodge in Webster will be a pivotal link in the chain of tourism activities featured in the Bay Area. He said BAHEP is working to shift the area from one-day visits into three-day visits for tourists, saying that the new resort and Flyway will help build a “critical mass” where there is enough tourism and enter- tainment activities going on so more families could spend a long weekend in the Bay Area. “Look at Anaheim with Disney- land, or look at Orlando with Disney World, and look at all of the other amusement attractions that tend to cluster together,” Seal said. “Well, we’re seeing that same thing hap- pening here with Space Center Hous- ton, with the Kemah Boardwalk, with all the great restaurants that we have here.” Seal emphasized the importance of the lodge’s conference center, say- ing it helps change the dynamic in the Bay Area’s tourism sphere from purely family-related tourism. He said the impact of the resort will be seen broadly across the Bay Area, including with cruise lines in Galveston and BAHEP’s airline part- ners Southwest and United Airlines. “If you think of an entire tourism ecosystem, you’re starting to get the right mindset,” Seal said. “A lot of dierent players in that industry will benet.”

KEMAH

SALES TAX GRANT The city will pay GWR a portion of its sales tax revenue after a set amount goes to the city.

33% of the sales tax revenue generated by the resort after initial $200,000 per year for 20 years

33%

Harbor Lane 3-4 BD | 3.5 BA | $2,550,000

Prime waterfront location, directly on the Kemah/ Seabrook channel. Outstanding views of our local boating activity. Hard-to-find single story home with oversized garage, pool, spa and docking for multiple boats with boat lifts, a boat house, and jet-ski dock.

JAMIE WILLS 713.299.4962

HOTEL OCCUPANCY TAX GRANT The city agreed to pay a majority of the hotel occupancy tax revenue generated by the resort to GWR. Webster’s hotel tax is 7%.

BEACH CITY

90% of HOT revenue generated by the resort for 20 years

90%

6342dowreefbeachcityluxuryproperty.com Dow Reef Drive 4 BD | 4.5+ BA | $1,749,999

Inside, this stunning home features granite countertops, a gorgeous chef’s kitchen with a gas range, ample custom touches and beautiful details throughout. More than 800 incredible feet of private dock with a palapa, not one but TWO pools.

GERI MILLS 713.248.6613

DEVELOPMENT GRANT The city agreed to provide $5 million from the city’s hotel occupancy tax in a development grant as an incentive.

MORGAN’S POINT

TOTAL: $5M

Bayridge Road 3 BD | 2 BA | $1,140,000

Thoroughly, thoughtfully remodeled 1918 waterfront home in the peaceful community of Morgan’s Point. Enjoy over an acre of land, with a private beach, directly on Galveston Bay. Updated kitchen, bathrooms, electrical, plumbing and more.

119bayridgeroad.com

JAMIE WILLS 713.299.4962

$3M: upon opening in 2024 $1M: one-year anniversary $1M: two-year anniversary

LA PORTE

In turn, Great Wolf Lodge promised to:

Create at least 350 new jobs

Spend at least $75M on the project by the initial occupancy date Submit written certication these qualications are met

Mohawk Drive 4-5 BD | 2.5 BA | $329,000

Spacious home ideally placed on a cul-de-sac lot. Enjoy a huge backyard, covered patio and plenty of room for a pool or backyard retreat. Inside you’ll find wood-look tile flooring, fantastic storage and an open layout.

JAMIE WILLS 713.299.4962

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For more information, visit communityimpact.com .

SOURCE: WEBSTER ECONOMIC DEVELOPMENT CORP. COMMUNITY IMPACT

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BAY AREA EDITION • OCTOBER 2022

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