No more children splashing around in the water of the Waves Resort Corpus Christi with the Schlitterbahn water park. The water park and resort are being demolished to make way for new developments. Courtesy photo
A wrecking ball is on its way to Waves Resort Corpus Christi, including the Schlitterbahn-branded water park and a 90-room hotel. Diamond Beach Holdings LLC, which bought the property after the water park went bankrupt in 2018, announced that it would demolish all of the buildings on the property to make way for new development.
The “current structure and water park must come down to move forward,” the company told reporters in a statement.
Diamond Beach Holdings said it plans to completely rethink what kind of development would best complement the $ 18 million Park Road 22 bridge being built by the city of Corpus Christi.
A $ 2.3 million canal owned by Diamond Beach Holdings and Padre Island Holdings was completed last fall and will run under the new bridge connecting Lake Padre, east of Park Road 22, to the Padre Isles canal system west of the road.
Schlitterbahn First opened in April 2016 after almost two years On-off / off-again announcements about “soft” and large openings.
Two years later Diamond Beach took over, Investment of around $ 15 million in the property. It bought Schlitterbahn from Upper Padre Partners LP, which defaulted a $ 16 million loan from IBC Bankers in 2015. The new owners added an open-air theater, a performance stage, and 30,000 square feet of indoor and outdoor event space. There has also been investment in general upgrades to the entire property.
The resort closed its doors last May in response to the ongoing COVID-19 pandemic.
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