Lake Winnie Breaks Ground on Waterpark
Lake Winnepesaukah officials broke ground Wednesday on SoakYa, a 5-acre water entertainment complex scheduled to open during the Summer 2013 season.
The waterpark is the first major expansion of the 88-year-old amusement park since the 1960s, when the park doubled in size and added two signature attractions: the antique wooden Carrousel and the world-famous wooden Cannon Ball Roller Coaster.
"Lake Winnepesaukah has a hard to say and even harder to spell name,” said Talley Green, Public Relations Director, “but through the years that name has become synonymous with family fun in our region. That’s why we chose SoakYa, a spirited play on our name, for the waterpark that is a perfect complement to our amusement complex.”
Today’s groundbreaking signals the start of an aggressive five-month construction schedule that calls for completion of the waterpark attraction in time for a Memorial Day weekend debut, two months after the amusement park opens for the 2013 season. Aquatic Builders Ltd., a division of master plan design and engineering firm Aquatic Development Group, will lead the park’s construction along with locally-based contractors. The development will create 100 temporary construction jobs and up to 60 new seasonal positions upon completion.
The multi-million dollar waterpark will feature a lazy river and wave lagoon. Clusters of flume body slides and enclosed tubes – some for single riders, some for multiple riders – will dot the landscape. A multi-lane racer slide will send dueling riders on a refreshing plunge into a pool while toddlers will be entertained in a shallow splash park with pint-sized slides and water play equipment. Covered and uncovered lounge seating, retail shops, concessions and a changing facility with lockers will allow families to enjoy a day-long stay at the park.
“The beginning of the year also marks a new beginning for Lake Winnie,” explains Chris Jones, Architect. “The owners have committed themselves to building a first class waterpark and ‘doing it right’! With the start of construction, a dream is on its way to reality. A former parking lot will soon be transformed into a colorful array of exciting water rides, water features, man-made hills and lush landscaping creating an oasis of fun and laughter. Did I mention water? Lots of water!”
The first phase of the multi-million dollar SoakYa waterpark will be developed on the West side of the amusement park between the Cannon Ball Roller Coaster and the lake. The 5-acre vacant tract of land has recently served as overflow parking for concerts and other major events. Subsequent waterpark expansions could triple the water entertainment complex’s size in years to come.
Lake Winnepesaukah will open the 2013 season with a $26 general admission rate ($10 for children two and under and senior citizens), which is consistent with 2012 ticket prices. During the summer months, guests will enjoy two parks for one admission price. From Memorial Day weekend through Labor Day weekend, general admission will be $31.95 ($15.95 for children two and under and senior citizens). General admission will revert back to the $26 rate for the remainder of the 2013 season when SoakYa closes for the season in early fall. SoakYa will be accessible through the main park entrance only.
The facility was designed by architect Christopher M. Jones of North Palm Beach, Florida and Aquatic Development Group of Cahoes, New York, both of which have extensive waterpark development experience. The park will feature “Made in the USA” slides and other water play equipment designed, engineered and manufactured by North Carolina-based AquaBlue International. Chattanooga-based CapitalMark Bank & Trust will finance the expansion.
More Business News
Last Update on March 02, 2015 18:30 GMT
WASHINGTON (AP) -- Consumer spending fell for a second consecutive month in January, weakness that was expected to be temporary. Income grew, reflecting strong job gains during the month.
The Commerce Department says consumer spending fell 0.2 percent in January following a 0.3 percent drop in December. Economists had expected a dip, reflecting a big drop in gas prices during the month. That decline should prove to be a positive for the economy going forward, giving consumers more money to spend on other goods.
Income grew 0.3 percent in January as wages and salaries increased a strong $42.4 billion. Analysts expect that solid job gains and low unemployment will bolster consumer spending and lift economic growth this year to what they predict will be the fastest pace in a decade.
WASHINGTON (AP) -- U.S. factories expanded last month at the weakest pace in a year, with orders, hiring and production all growing more slowly.
The Institute for Supply Management, a trade group of purchasing managers, says its manufacturing index slipped to 52.9 in February from 53.5 in January. It was the fourth straight drop and the lowest reading since January 2014. Still, any reading above 50 signals expansion.
Measures of production and employment fell sharply, though they remained in expansionary territory. That suggests that factories are still adding jobs but at a slower pace than in January.
U.S. manufacturers have been held back in recent months by weak growth in China, Europe and Japan. That's been partly offset by strong consumer demand in the United States.
WASHINGTON (AP) -- U.S. construction spending fell in January, reflecting weakness in spending on office buildings and other nonresidential projects and in government activity.
The Commerce Department says construction spending fell 1.1 percent in January following a revised 0.8 percent increase in December.
Spending on home construction rose 0.6 percent but spending on nonresidential projects dropped 1.6 percent, reflecting declines in hotels, office buildings and the category that covers shopping centers. Spending on government projects also declined in January, falling 2.8 percent.
Private economists had predicted a small overall gain in January.
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SAN FRANCISCO (AP) -- Hewlett-Packard is buying wireless networking company Aruba Networks for about $2.7 billion, the biggest acquisition by HP in recent years.
Palo Alto, Calif.-based HP said the deal will boost its commercial technology business as it prepares to split into two companies, one focused on selling commercial computer systems and the other selling personal computers and printers.
Aruba, based in Sunnyvale, Calif., makes wi-fi networking systems for shopping malls, corporate campuses, hotels and universities.
HP is paying $24.67 in cash for each Aruba share. That is slightly below its close of $24.81 on Friday.
The deal announced Monday is HP's biggest since CEO Meg Whitman launched a turnaround effort aimed at reorganizing in the face of declining revenue.
MADRID (AP) -- Spain's economy minister says eurozone nations are negotiating a third bailout for financially strapped Greece that would give the country as much as 50 billion euros ($56 billion).
Luis de Guindos also says that "Greece will not leave the eurozone" because that would not be good for the country or the other 18 countries that also use the common euro currency.
De Guindos says that the bailout would provide between 30 billion euros and 50 billion euros.
He spoke Monday at an economic conference in the city of Pamplona and his comments were sent via email to media outlets.
De Guindos says "the central scenario for Greece is a deal on the basis of the current bailout, and new conditions to be set with flexibility."
MORGAN STANLEY-NY LAWSUIT
NEW YORK (AP) -- Morgan Stanley, which agreed to a $2.6 billion settlement with the federal government last week, says it expects to be sued by New York Attorney General Eric Schneiderman over subprime mortgage bonds.
The bank says it was told about the lawsuit in January and that it will involve about 30 subprime securities. Morgan Stanley say the lawsuit will say that it misrepresented or omitted important information related to loans and the properties securing them.
On Wednesday Morgan Stanley said it would pay $2.6 billion to settle with the federal government over its role in the mortgage bubble and subsequent financial crisis. Wall Street banks have paid tens of billions in similar settlements over the last two years, and Morgan Stanley has reached smaller settlements with federal and state agencies.
BRUSSELS (AP) -- The European Union is giving member states the power to ban the cultivation of genetically-modified crops even if they have been approved by the bloc's food safety authority.
The 28 EU member states on Monday approved the rule that national governments can have the final say in the matter -- a move that goes counter to many EU initiatives, which traditionally seek a common stance on EU policies.
Mute Schimpf of Friends of the Earth Europe says the new law "is a massive opportunity for national governments to shut the door on biotech crops in Europe."
Only one GM crop -- corn -- is planted in the EU so far, predominantly in Spain. Under the rules, governments would still have to consult biotech companies when banning a crop.
PARIS (AP) -- France is ordering manufacturers to inform consumers how long they can expect their TV, cell phone or other appliance to last -- before they buy it.
A new French government decree that came into effect this week aims at fighting so-called planned obsolescence. That is when companies design strategies to limit the life span of appliances, so that consumers will have to replace them.
The measure requires manufacturers to inform vendors how long spare parts for an appliance will continue to be produced. The vendor is then required to inform the buyer, in writing. Violators face up to 15,000 euros ($16,800) in fines.
A similar French measure coming into effect next year will require manufacturers to replace or repair faulty appliances for free for the first two years after purchase.
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