City Council approves Kalahari Resort project in Allen with $950M investment plan

The Allen City Council convened on February 25, 2025, to discuss significant financial developments and a major economic project that could reshape the local landscape. The meeting highlighted the city's financial health and the proposed Kalahari Resort project, which promises to bring substantial economic benefits to Allen.

In the financial report presented, the city noted an increase of $1.2 million in the total non-major enterprise net position, driven by positive changes in various sectors, including solid waste and drainage services. Operating revenues rose by $2.8 million, reflecting a 12% increase compared to the previous year, while operating expenses increased by 6%. This favorable financial outcome indicates a robust economic environment for Allen, allowing for continued investment in community services and infrastructure.

The council then shifted focus to the Kalahari Resort project, which is set to be developed at the southwest corner of Stacy Road and Highway 121. Economic Development Corporation Executive Director Dan Bowman outlined the project's scope, which includes a large indoor water park, a family entertainment center, a convention center, and a 900-room hotel. The total investment for the project is projected to reach approximately $950 million.

Bowman emphasized the project's potential to diversify Allen's tax base and alleviate the property tax burden on residents. The Kalahari Resort is expected to generate significant economic activity, with estimates suggesting $5 billion in direct and indirect spending over the first decade. Additionally, the project is projected to create up to 1,000 jobs, further enhancing the local economy.

The council discussed the necessity of economic incentives to facilitate the project's development, given the competitive nature of the hospitality industry. The proposed incentives include a pay-for-performance rebate structure, ensuring that the city only provides financial support as the project meets specific benchmarks.

Community members expressed their support for the Kalahari project, highlighting its potential to attract tourism and enhance local businesses. The Allen Fairview Chamber of Commerce's CEO, Kyle Jacobson, noted that increased tourism would not only benefit the resort but also local hotels and restaurants, ultimately contributing to a lower tax burden for residents.

As the meeting concluded, the council approved the motion to authorize the city manager to negotiate and execute agreements related to the Kalahari project. This decision marks a significant step forward in bringing the resort to Allen, with the potential to transform the area into a vibrant destination for both residents and visitors.

The council's discussions reflect a proactive approach to economic development, aiming to leverage new projects to enhance the quality of life in Allen while ensuring financial sustainability for the future. As the Kalahari project progresses, it will be crucial for the city to maintain open communication with residents and stakeholders to address any concerns and maximize the benefits of this ambitious undertaking.