Water park dream now for sale

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RAPID CITY, S.D. (KEVN) - A multi-year project to bring a large water park to Rapid City was put on hold indefinitely last year and now the property is up for sale.

The Rippin' Rapids Water Park was in the middle of construction when the owner pulled the plug on the project.

The building was built, the foundations for the wave pools already poured, and a massive rock wall constructed, but the slides, floors, and interior were never finished.

A bank now owns the property and is putting it up for auction next week. The building and land are expected to sell on Tuesday, while the industrial personal property will go up for sale on Wednesday. It's located on east mall drive, near the- now closed- Boston's.

It's a location that's had a tough time keeping businesses, but that isn't discouraging real estate broker Chris Long.

"It's definitively in the growth corridor of Rapid City," said Chris Long with Keller Williams Realty. "This use to be the edge of town and now things are developing out this way. I see this actually as being a rejuvenation area that's going to really grow. I think you'll see it change quite a bit over the next couple years."

The structure itself is something that could draw a number of potential buyers.

"You can't find many buildings this size in Rapid City, this height in Rapid City and then to be on seven acres right along Mall Drive - there's a lot of possibilities there," Long said.

The auction starts on Tuesday at 10:00AM.