Colorado State Economic Development Commission Awards Gaylord Aurora Project State Sales Tax Incentive

NASHVILLE, Tenn.--(BUSINESS WIRE)--Gaylord Entertainment Company (NYSE: GET) announced today that the Colorado State Economic Development Commission has awarded the Gaylord Aurora project a state sales tax incentive pursuant to the state’s Regional Tourism Act enacted in 2009. The incentive award provides for an annual rebate of 65.8 percent of the state sales tax generated by the project for the first 30 years of its operation. As a result, the project would receive 65.8 percent of the state’s 2.9 percent sales tax, equaling 1.91 percent of project revenues annually over its first 30 years of operation. This award is subject to the EDC and Gaylord working together over the next 120 days to refine the parameters of the project.