Pflugerville seeks new water park operator after Hawaiian Falls misses loan payments
The operator of the Hawaiian Falls water park in Pflugerville owes about $400,000 to that city’s economic development organization.
A special meeting of the Pflugerville City Council and the Pflugerville Community Development Corp. has been called for Thursday to discuss changes in management at the water park. A city spokesperson told the Statesman that Source Horizons could be removed as the operator.
Source Horizons previously missed a pair of payments to Pflugerville in late 2015. It owes money to PCDC because the economic development organization borrowed $23.5 million from Capital One to buy the Hawaiian Falls property and build the park.
The troubles at Hawaiian Falls come as a Wisconsin-based company, Kalahari Resorts and Conventions, plans to build a 200,000-square-foot water park in nearby Round Rock. The City Council in that Williamson County city is set to vote Thursday on economic incentives deal and other agreements with Kalahari, according to an agenda posted online — go here to view the agenda document.
Will Anderson, Digital Editor, Austin Business Journal, 12/14/16, bizjournals.com/austin