Mountain Creek indoor water park plans still developing


Make text smaller Make text larger




Mountain Creek owner Andrew Mulvihill says he hopes to break ground on an indoor water park project in the next 18 months.

But he first needs to get funding for the plan that is estimated to cost $200 million. He has earlier said the project would cost $120 million to $140 million.

“We are working really hard to get the capital ready,” Mulvihill said Tuesday. “I’m optimistic we’ll get it done.”

Mountain Creek first discussed the project in a meeting with town officials in September. It includes a 100,000-square foot water park, a 400-room hotel, and a 40,000-square-foot indoor action sports park.

The indoor park and hotel would be an important addition to Mountain Creek because it would help the resort overcome one of its most difficult challenges: dependence on the weather.

At the time, Mulvihill estimated that when completed, the indoor water park and hotel would generate about $1.6 million in annual tax revenue for the township. Currently, Mountain Creek pays $15,500 on the undeveloped parcel, of which the township only receives $3,100 after the taxes are shared with the Vernon Township School District and Sussex County.

Mulvihill is seeking tax breaks for the project under a Payment In Lieu of Taxes plan. If approved, Mountain Creek would pay a portion of the tax for a specified period.

Mulvihill estimates Mountain Creek would make a $3.24 million PILOT to the township. Vernon would likely keep 30 percent or $972,000, the school district and Sussex County would get 5 percent or $162,000, and 15 percent or $486,000 would go toward Mountain Creek's sewer debt.

Meanwhile, the remaining 45 percent would go toward Redevelopment Area Bond, which would be used to service the bond for a portion of the project.

The water park and hotel is proposed for the area bordering Route 94 and Sandhill Road, where it would be within walking distance of the ski slopes. Mulvihill hopes to develop the Appalachian Lodge area with stores and restaurants.

Make text smaller Make text larger

Comments

Pool Rules



MUST READ NEWS

Take this test
In a recent column, New York Times op-ed writer Timothy Egan wrote the following:
“Nearly one in three Americans cannot name a single branch of government. When NPR...

Read more »
Image

Some glitches seen in deadline week for 'Obamacare' sign-ups
By RICARDO ALONSO-ZALDIVAR
Consumer advocates reported some glitches Monday in the final days for “Obamacare" sign-ups, although the Trump administration largely...

Read more »
Image

Why rent when you can own?
Opportunity is knocking and now is the time to snatch up a great home at a price you can afford.
An immaculate end unit with...

Read more »
Image

Vernon native promoted to major
VERNON — Matthew Shull, son of Thomas Shull and Trudy Randall of Vernon, was sworn in to the rank of Major in the United States Air Force on Nov. 5, 2017. Matthew, a...
Read more »
Image

VIDEOS



E-NEWSLETTER

Sign up to get our newsletter emailed to you every week!

  • Enter your email address in the box below.
  • Select the newsletters you would like to subscribe to.
  • Click the 'SUBSCRIBE' button.

* indicates required
Community Newspapers


MOST READ

Local News
Crystal Springs offers Christmas menu
  • Dec 11, 2017
Entertainment
Capitol Steps to perform in Morristown
  • Dec 8, 2017
Local News
VTHS inducts new NHS members
  • Dec 11, 2017
Local News
State launches new trails app
  • Dec 7, 2017

MOST COMMENTED



Find more about Weather in Lafayette, NJ