- In 2020, the initial economic analysis estimated the total revenue impact to be $700.8 million over the next 25 years, including $9.6 million annually to the city.
- With the growth of the project, the return has more than tripled with an estimated revenue impact of over $2.2 billion over 25 years, including $32.4 million annually to the city.
- VAI Resort could generate an annual increase in property tax revenues to schools of $6.2 million, and $7.9 million to all jurisdictions combined.
- This analysis represents a conservative approach based on the current site plan for the VAI Resort.
Set to debut in 2024, the $1B VAI Resort will be Arizona’s largest and boldest hotel, entertainment, and culinary destination. Ideally set in Glendale, at the heart of Metro Phoenix, VAI will redefine the concept of a full-service resort hotel by delivering a multi-faceted experience featuring four hotel towers, more than 1,100 rooms, suites, and villas, the VAI Amphitheater, a music and entertainment venue featuring a $40 million state-of-the-art stage, 12 signature restaurants, Konos Island and Beach Oasis, a luxury spa, nightclub venue, rides, attractions, curated retail and art installations.
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