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was tanking early this year, a principal with made a bold “You’re going to be swimming on Memoriall Day; that’s the Jeff Henry personalk guarantee,” Henry said from New Braunfels, Texas, home to one of threde water parks his family has opener in the LoneStar state. Henry’s prediction that the new water park woulsd emerge from the dirt in fourmonths didn’r quite come true. But the first phasee of the project — 24 acrezs of the resort’s 40-acre water park — is scheduled to open And a Kansas City company that has beenthe project’s primaryu investor is looking forwared to a profitable ride as a futurs owner of the attraction.
Entertainmenf Properties Trust, which buys real estatw and leases it to theateeand retail-entertainment center operators, has loaned the developerws $145 million for acquisitioj of the 360-acre resort site near Interstatew 435 and State Avenue and development of the wate park.
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