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Huge indoor waterpark could be coming to MOA

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    The Port would finance and build the shared public infrastructure for the project using Tax Increment Financing generated by Mall of America further described under a separate FAQ: Shared parking and a skyway are planned for the project, what money pays for that? Continued health of MOA is important to the reputation of the City as well as directly impacting the amount the City needs to levy in property taxes to operate. The water park could offer a discount to Bloomington residents; the impact of which would have to be weighed against the actual water park revenues.

    Nonprofit borrowing interest rates are much lower than traditional for-profit borrowing rates. Cashflow projections using the nonprofit model are positive, and cashflow using the for-profit model is negative. Triple 5 owner of MOA was a pioneer in building large retail malls which were also diversified with entertainment and restaurants. MOA has performed much better than most bricks and mortar retail developments due in part to its entertainment and tourism focus, but continuing to diversify the MOA project with new traffic generators e.

    Triple 5 has been interested in having a water park attached to the MOA project since the original s.

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    Triple 5 is building a water park as part of the American Dream New Jersey project a large retail and entertainment project similar to West Edmonton Mall and Mall of America , which may include the largest indoor water park in North America, unless the water park at MOA is built to exceed it. The largest indoor water park in the world is in Germany in a former zeppelin hangar which is , sf. If those revenues do not support operations, maintenance and debt payments, then sales and use taxes would be triggered at MOA to pay for any shortfalls.