Dolly Pulls Out Of Plans For New Water Park

NASHVILLE (AP) - Dolly Parton has pulled out of plans for a water and snow park in Nashville.

Her Dollywood Company had planned to partner with Gaylord Entertainment to create the $50 million park. Gaylord shareholders recently voted to reorganize the company as a real estate investment trust.

Parton says in a statement, "Gaylord makes decisions that they feel are good for their company and their stockholders and I have to make decisions based on what is best for me and the Dollywood Company."