Schlitterbahn Waterparks is expected to announce shortly that it plans to develop a new waterpark and resort on a hundred acre tract in Cedar Park.  What would be the company’s 5th major park, is widely rumored to cost well over $100 million to develop.

According to a company spokesperson, the plans they intend to announce this Thursday evening are of a “resort destination,  much more elaborate than the waterpark most people think [they] are announcing.”  The plans are set to be unveiled at the Cedar Park Public Library at 550 Discovery Blvd, this Thursday evening at 5:30.

Stay tuned.