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 January 28, 2015 13:05 GMT
SAN FRANCISCO (AP) -- Yahoo CEO Marissa Mayer is spinning off the company's prized stake in China's Alibaba Group Holding in a move that will avoid paying billions in future taxes.
A newly formed entity called SpinCo will inherit ownership of Yahoo's 384 million Alibaba shares when the tax-free spin-off is completed toward the end of this year.
Tuesday's much-anticipated announcement about the management of Yahoo's 15 percent stake in Alibaba overshadowed Yahoo's results for the final three months of last year.
Yahoo's shareholders are far more interested in Mayer's plans for the Alibaba stake because it's currently worth about $39 billion. That's far more than the value of Yahoo's own online services, which have been struggling to generate more revenue for the past six years.
BEIJING (AP) -- Chinese regulators have accused e-commerce giant Alibaba of allowing sales of fake and shoddy goods and other mismanagement in a report that was withheld until now to avoid disrupting its U.S. stock market debut.
The report Wednesday by China's industrial regulator said Alibaba allowed unlicensed merchants to use its sales platforms and failed to protect consumers' rights adequately.
The report was the result of a meeting in July but said it was withheld to avoid affecting progress toward Alibaba's stock market listing in New York. The company went public in September after raising a record $25 billion in an initial public stock offering.
An Alibaba spokesman said the company was preparing a public statement about the report.
HEALTH OVERHAUL POLL
WASHINGTON (AP) -- A new poll says most Americans would want Congress to restore federal subsidies for millions buying health care coverage under President Barack Obama's health care law if the Supreme Court invalidates some of that aid.
A poll by the nonpartisan Kaiser Family Foundation says more than 6 in 10 would want Congress to restore the assistance.
That could mean Republicans would face a complex political landscape if the Supreme Court annuls part of Obama's health care law this year. Republicans want to repeal and replace that law.
The court is expected to rule in June whether the law allows federal subsidies only to people buying coverage from state-run marketplaces, and not from Washington's HealthCare.gov.
The federal government runs the marketplace in 37 states, covering more than 7 million people.
NEW YORK (AP) -- Supermarket chain Albertsons says U.S. regulators have approved its purchase of competitor Safeway Inc.
The companies say the deal has been cleared by the Federal Trade Commission and should close within five business days.
Albertsons, which is privately held and part-owned by Cerberus Capital Management, agreed to buy Safeway in March for $7.64 billion in cash. The FTC said the sale would hurt consumers in 130 markets by reducing competition, and in December the companies said they would sell 168 stores in eight states.
Most of the stores will be bought by Haggen, a chain based in the Northwest. Haggen will expand to 164 locations from 18.
Excluding the stores that are being sold, Safeway had about 1,300 locations under names including Safeway, Tom Thumb and Carrs. Albertsons had about 1,100 stores under its own name as well as Acme, Jewel-Osco, and others. The companies have about 250,000 employees combined.
WINTER WEATHER-ECONOMIC IMPACT
NEW YORK (AP) -- Experts say New York City's businesses lost about $200 million following the fizzled snowstorm and decision to shut down the transit system. City officials argued it was better to err on the side of caution.
Moody's Analytics economist Adam Kamins says consumers who would have otherwise made other major purchases on Tuesday will likely do so a day or two later. And he notes that many employees forced to stay home were able to telecommute.
Experts say the biggest impact would be on small businesses and hourly workers such as taxi drivers and restaurant workers. The city's 24,000 restaurants could lose millions.
DENVER (AP) -- Colorado's marijuana experiment was designed to raise tax revenue for the state and its schools, but a state law may give some of the money directly to residents.
The voter-approved constitutional amendment requires Colorado to pay back taxpayers when the state collects more than the limit in a formula based on inflation and population growth.
But lawmakers don't want to put pot taxes back into people's pockets.
Republicans usually want tax dollars returned to taxpayers, but they say marijuana should pay for itself, and general taxes shouldn't pay for things like increased drug education.
Lawmakers might ask voters to exempt pot taxes from the refund requirement. Otherwise, Colorado would have to refund more than $30 million of the $50 million in recreational pot taxes it has collected.
Lawmakers would decide if the money would go to all taxpayers or just people who bought pot.
NEW YORK (AP) -- American Express Co. says it plans to start doing business in Cuba after the Obama administration lifted a ban on U.S. banks and credit card companies operating on the island.
The New York company did not say on Tuesday when people could use American Express cards in Cuba. American Express currently has no terminals set up or merchant relationships there.
MasterCard Inc. last week became the first major U.S. credit card company to say it would start handling U.S. card transactions in Cuba. Visa Inc. did not immediately respond to a request for comment on Tuesday.
Black HistoryCelebrating Black History Month with African American Firsts: Sports Legends
The Good LifeCelebrating the events, adventures and activities that represent "The Good Life" in the NewsChannel 9 viewing area.
Coats For KidsHelp us keep a child in need warm this winter.
Road TrippinCome Road Trippin' with us and see all the great sites in your area!
Closings and DelaysThese are the latest School and Business Closings reported to NewsChannel 9. If you see errors or need to add a school or business, call 423-757-7320.
Educator of the WeekNominate now for Educator Of The Week!
Deaf & Hard of HearingInformation provided to NewsChannel 9 by members of the Deaf and Hard of Hearing Community.
Sponsored EventsCheck Back Often for NewsChannel9 Sponsored Events!