MIDDLETOWN — The Middletown City Council will be voting on the development of a $1.3 billion riverfront entertainment district and theme park later this month.

The mixed-use development, called “Hollywoodland,” would include several hotels, a water park, a large entertainment and concert venue, and an indoor amusement park.

City council members will vote to approve an ordinance authorizing a purchase, sale and development agreement with Main Street Community Capital LLC, according to a release from the city.

The vote is set to take place October 21 following a presentation at the Oct. 5 council meeting from Main Street Community Capital, LLC and their development partners.

The city says the development is expected to include:

• Three hotels
• A major, indoor entertainment and concert venue for large, nationally and internationally-acclaimed artists and touring Broadway productions
• An indoor amusement park containing multiple, themed entertainment-based rides, virtual reality experiences, immersive entertainment opportunities and integrated retail, food & beverage
• Structured and integrated underground deck-based parking (publicly-owned) of no fewer than 3,000 spaces
• On-site, mid-rise, luxury, market-rate apartment units and/or condominiums
• Permanent, pre-and post-production motion picture studio sound stages and support offices and infrastructure
• Multiple, restaurants, bars, brew-pubs, and cafes, and a likely comedy club
• Integrated fashion, electronic, lifestyle, convenience, and recreational retail

“This will be a transformational redevelopment opportunity for Middletown that came out of a redevelopment study for our riverfront property. It will encompass over 50 acres of our historic Downtown,” said City Manager Jim Palenick. “It is a once-in-a-lifetime opportunity to take full advantage of a myriad of local, city, state and federal incentives we have found a way to access, and in turn, and change the future of our city.”

If approved, the city would use $7.5 million in funding from the American Rescue Plan Act toward pre-construction work.

©2021 Cox Media Group