The venture would be the largest of its kind for the 120-year-old county that historically has raised cattle and grown citrus as its basic industries. The county, 20 miles south of Downtown Orlando, sees tourism and conventions as its next golden egg.
The enterprise would be financed by the sale of revenue bonds the county would market on Wall Street. Xentury and its investor associates would guarantee up to $90 million of the project's cost.
Xentury and the county have been talking contract since May but an unsuccessful lawsuit filed by the Orlando/Kissimmee Hotel-Motel Association, trying to halt the development, derailed negotiations for 60 days.
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