In today’s tough economic times, growth is coming to Cedar Park via a water resort expected to be open for business in 2012. An announcement was made on January 28 at a city council meeting by Schlitterbahn Waterparks, stating that the Cedar Park project would include a water park, river walk, hotel, convention center and retail space that will take up 96 acres. The new water park will be located near the intersection of FM 1431 and Parmer Lane with an estimated cost of $360 million. Volente Beach Waterpark and New Braunfels–based Schlitterbahn will unite to handle the development.
Phase 1 — A 16-acre water park, skydiving simulator set to open in May 2012 with an estimated cost of $75 million.
Phase 2&3 — A 230-room hotel, 35,000 sq. ft. of retail space, a 30,000-sq.-ft. conference center and a river walk with a estimated cost of $125 million and a start date of within two years of phase one opening.
Phase 4 — An Additional 125,000 sq. ft. of retail space, expansion of one or more attractions with an estimated cost of $160 million. An approximate opening date of within 48 months of completion of phases two and three.
The water resort is expected to bring 739 construction jobs and 1,200 permanent jobs to the area and is anticipated to have a $2.5 – 5 billion billion economic impact on the city over the next 30 years. Some critics are concerned that the developers are underestimating the contribution the city will have to make and overestimating the impact. After an hour of citizen debate, the City Council unanimously approved the plan.
Phil Brewer, Cedar Park’s economic development director has stated, “This is a classic, creative public-private partnership which will develop a project that will yield both economic and tourist-related benefits for Cedar Park for many years to come.”
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