https://www.wacotrib.com/news/local/city-gives-hawaiian-falls-break-on-its-rent-to-build/article_93d79c8d-014c-5de6-93dd-534ed5b41b92.html#tncms-source=infinity-scroll-summary-siderail-latest
The Waco City Council approved the lease abatement agreement Tuesday for Store Master Funding, the firm that holds the park's lease, waiving $500,000 in rent spread over seven years to offset the cost of a new structure with 12 water slides.
The city owns the water park property and structures and operated the park itself, as the Waco Water Park, until 2011. It has operated as a Hawaiian Falls park since then, and ProParks Management took over operations in Waco, along with four other Hawaiian Falls locations in Texas, in 2018.
The new play structure is slated for completion before the upcoming operating season. During Tuesday's council meeting, City Manager Wiley Stem III said the structure would belong to the city after its construction.
"I think it's a wise use of our funds to make sure that we are thinking strategically about the breadth of our tourism industry, and making sure that Hawaiian Falls is a premier water park for the entire region is important," Councilman Dillon Meek said.
The Waco City Council approved the lease abatement agreement Tuesday for Store Master Funding, the firm that holds the park's lease, waiving $500,000 in rent spread over seven years to offset the cost of a new structure with 12 water slides.
The city owns the water park property and structures and operated the park itself, as the Waco Water Park, until 2011. It has operated as a Hawaiian Falls park since then, and ProParks Management took over operations in Waco, along with four other Hawaiian Falls locations in Texas, in 2018.
The new play structure is slated for completion before the upcoming operating season. During Tuesday's council meeting, City Manager Wiley Stem III said the structure would belong to the city after its construction.
"I think it's a wise use of our funds to make sure that we are thinking strategically about the breadth of our tourism industry, and making sure that Hawaiian Falls is a premier water park for the entire region is important," Councilman Dillon Meek said.