Schlitterbahn Cedar Park
The 95-acre project will be located on the south side of FM 1431 and about one-half mile east of Parmer Lane. Final design, engineering, licensing and site preparation will begin this spring with Cedar Park Land, LP, which has partnered with Schlitterbahn, to develop the project. Cedar Park Land, LP anticipates actual site construction will begin once all of the construction documents and permit approvals are obtained with a targeted opening date of May 2012.
The project will have between a $2.5 billion to a $5.0 billion impact on Cedar Park over the next 30 years, according to an economic impact analysis. The project will be eligible for $6 million in public infrastructure reimbursement when certain performance measures are met and a sharing of revenues generated from the project.
The water park resort is envisioned to be built in four phases to include a 16-acre Schlitterbahn indoor/outdoor convertible water park; over 200,000 square feet of restaurant and retail space; a hotel; and conference center. A fourth and final phase would be a final development and expansion to fully integrate the first three phases. The project developers estimate $360 million in total project capital investment for all four phases.
Phil Brewer, Cedar Park’s Economic Development Director, said, “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.”