CHULA VISTA, Calif. – Gaylord Entertainment has canceled its long-held plans to develop a major resort and convention hotel in Chula Vista, Calif. 

The prolonged planning and approval processes, complicated regulations and excessive off-site infrastructure costs were sited by Gaylord officials in making the decision.

"We are very disappointed to have made this decision since the greater San Diego region is such an important convention market," said Colin V. Reed, chairman and chief executive officer of Gaylord Entertainment.

"However, over the last year to 18 months, this project has become much more complicated and risky as infrastructure costs escalated and the timeline for the hotel was extended by the very complicated and prolonged approval process. While many will likely attribute this announcement to the rapidly deteriorating economy, the fact is that the complexity and costs of the project were the main drivers of this decision," he added.

Gaylord will be taking a non-cash impairment charge of about $5 million in the fourth quarter for costs incurred on the project.