The developers behind Kalahari Resort presented the first renderings of the $350 million project that will be built across the street from Dell Diamond in Round Rock.
The renderings, which were shown during last week’s Round Rock City Council meeting, outline where the convention center, hotel and indoor waterpark will be placed. The 351-acre development will feature a resort that will have nearly 1,000 rooms and other mixed uses at the southeast corner of US 79 and Kenney Fort Boulevard.
On April 12, the city council approved the Planned Unit Development zoning for the Kalahari Resort. The property is actually owned by the city, which purchased it in December of 2016 for $27.5 million. Kalahari made an initial lease payment of $17 million, which the city used to make the purchase.
Over the span of eight years, Kalahari will make an additional lease payment of $10.5 million plus interest back to the city. According to the city, Kalahari will generate an estimated of $4.7 million of new net tax revenue and bring in new jobs.
The project is expected to break ground in May. Kalahari Resorts currently owns and operates three other resorts across the country.
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