Anchor ads are not supported on this page.

4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs

Chula Vista and Gaylord, Now Separated, Singing the Blues

Chula Vista has declared itself in a fiscal emergency. This means it is bleeding so much it could ask the voters for a sales tax increase. The city is considering a layoff of 130 employees, and closing of faciities such as the city pool. Meanwhile, Gaylord Entertainment is experiencing weakness at its facilities. This is the company that wanted a $300 million subsidy to build a $1 billion hotel and convention center on the Chula Vista bayfront. After many fits and starts, the marriage appears to be over, but you never know when it will appear back on the table. Gaylord reported that in November, same-store revenue at its corporate resorts dropped 5.4 percent. The preliminary drop for December is 4.8 percent. Same-store revenue reflects sales in facilities that have been open at least a year. The company's newest convention center facility in Maryland, opened in 2008, is operating at a mere 56 percent occupancy rate. Gaylord's stock is at $13.12 today, down 3 percent, but it has been as low as $5.27 this year. The high is $36.27 over the last year. The company is very heavily leveraged.

Here's something you might be interested in.
Submit a free classified
or view all

Previous article

Todd Gloria gets cash from McDonald's franchise owners

Phil's BBQ owner for Larry Turner
Next Article

The danger of San Diego's hoarders

The $1 million Flash Comics #1

Chula Vista has declared itself in a fiscal emergency. This means it is bleeding so much it could ask the voters for a sales tax increase. The city is considering a layoff of 130 employees, and closing of faciities such as the city pool. Meanwhile, Gaylord Entertainment is experiencing weakness at its facilities. This is the company that wanted a $300 million subsidy to build a $1 billion hotel and convention center on the Chula Vista bayfront. After many fits and starts, the marriage appears to be over, but you never know when it will appear back on the table. Gaylord reported that in November, same-store revenue at its corporate resorts dropped 5.4 percent. The preliminary drop for December is 4.8 percent. Same-store revenue reflects sales in facilities that have been open at least a year. The company's newest convention center facility in Maryland, opened in 2008, is operating at a mere 56 percent occupancy rate. Gaylord's stock is at $13.12 today, down 3 percent, but it has been as low as $5.27 this year. The high is $36.27 over the last year. The company is very heavily leveraged.

Sponsored
Here's something you might be interested in.
Submit a free classified
or view all
Previous article

Is Chula Vista's Future Blight Around the Corner?

Next Article

If there’s a vote on San Diego's convention center...

Convention-center numbers crunch — taste bad, more filling
Ask a Hipster — Advice you didn't know you needed Big Screen — Movie commentary Blurt — Music's inside track Booze News — San Diego spirits Classical Music — Immortal beauty Classifieds — Free and easy Cover Stories — Front-page features Drinks All Around — Bartenders' drink recipes Excerpts — Literary and spiritual excerpts Feast! — Food & drink reviews Feature Stories — Local news & stories Fishing Report — What’s getting hooked from ship and shore From the Archives — Spotlight on the past Golden Dreams — Talk of the town The Gonzo Report — Making the musical scene, or at least reporting from it Letters — Our inbox Movies@Home — Local movie buffs share favorites Movie Reviews — Our critics' picks and pans Musician Interviews — Up close with local artists Neighborhood News from Stringers — Hyperlocal news News Ticker — News & politics Obermeyer — San Diego politics illustrated Outdoors — Weekly changes in flora and fauna Overheard in San Diego — Eavesdropping illustrated Poetry — The old and the new Reader Travel — Travel section built by travelers Reading — The hunt for intellectuals Roam-O-Rama — SoCal's best hiking/biking trails San Diego Beer — Inside San Diego suds SD on the QT — Almost factual news Sheep and Goats — Places of worship Special Issues — The best of Street Style — San Diego streets have style Surf Diego — Real stories from those braving the waves Theater — On stage in San Diego this week Tin Fork — Silver spoon alternative Under the Radar — Matt Potter's undercover work Unforgettable — Long-ago San Diego Unreal Estate — San Diego's priciest pads Your Week — Daily event picks
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
Close

Anchor ads are not supported on this page.

This Week’s Reader This Week’s Reader