Waveyard may go water first, resort later

The developer of the Waveyard water park in Mesa is looking to start the project with only the water component at first, while delaying the resort until the economy picks up. Waveyard co-owner Richard Mladick said Tuesday investor interest is strong in the water park but a lodging industry slump may trigger a phased-development approach. The $250 million project has a mid-2011 deadline from Mesa to begin construction near Loop 202 and Dobson Road. The bulk of the project is supposed to open at the same time, but Mladick said it might be necessary to build in phases.

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