Officials from Pflugerville and Hawaiian Falls held a ground breaking and luau to kick off construction on a new water and adventure park in the city.

The new Hawaiian Falls location is under construction on 25 acres of land located adjacent to the Stone Hill Town Center between SH 130 and FM 685. Construction is set to be complete in time for Memorial Day 2014.

The park will include two sections; a water park with waterslides, a wave pool, a lazy river that can be converted into a kayak course and other amenities; as well as an adventure park with zip lines, rope courses and mazes. A 20,000-square-foot concert and event facility is also planned for the site.

"It's a tremendous opportunity for us [to build here]," Hawaiian Falls CEO Dave Bush said. "I've never felt more welcome [in a community]. You can feel the excitement. This is not just our job, this is our life, our mission."

In the next 30 years, the park will bring in approximately $700 million in economic activity to the city, according to estimates from Floyd Akers, executive director of the Pflugerville Community Development Corporation. Since opening season ticket sales last week, 1,200 have been sold, Akers said.