Efforts to build an extreme sports-themed resort in the Orlando-Kissimmee area have officially come to an end.
Larry Walshaw, CEO of Xero Gravity Action Sports LLC, spent more than two years working to find a suitable site in the tourism corridor for the $352 million project before giving up. He told GrowthSpotter the project is still moving forward, potentially in China or Saudi Arabia.
“We are currently being courted by other international suitors with attractive financial incentives to develop overseas,” Walshaw said in late March. “First and foremost on my wish list is to develop in your market, however due to the significant cost of this project, we must keep our options open.”
The resort plan included a 250-room Hyatt House hotel with roof-top pool and bar, a 14-story ski and snowboard mountain with nine snow tubing lanes, a 25,000-square-foot indoor/outdoor skateboard park, a USA-BMX-sanctioned motocross race track, two “skydiving pods,” a 20,000-square-foot indoor dodge-ball trampoline arena, a “rapid river” and two 14-story waterslides, a 2,000-seat amphitheater, swimming pools, cabanas, day spa and more.
Xero Gravity signed a purchase agreement in 2014 for 75 acres with land owner Central Florida Investments, Inc., parent company of Orlando-based Westgate Resorts, and made a $50,000 deposit for the site. But that option expired after the developer decided the site had too many wetlands.
Walshaw later sought an agreement with Intram Investments for its 238-acre assemblage at the intersection of W. Osceola Parkway and S.R. 535, and at one point said he would expand his search outside of Osceola County.
“As you know, we have spent considerable time and resources in the pursuit of developing in the Greater Orlando area, and all of us on the Xero Gravity team appreciate the support and well wishes of those in the community,” Walshaw said.