Page 139 - N. Richland Hills General Budget

OVERVIEW OF AQUATIC PARK FUND

th
NRH2O Family Water Park celebrated its 26 year of operations in 2020 and continues to be recognized
as one of the premier public water parks in the country. NRH2O offers outstanding attractions and
services and enjoys strong brand recognition in the
region and the country. With more than 375 part-time
and seasonal positions, the park continues to
contribute to economic development and the local
economy. More than six million guests have attended
the park since its inaugural season. Over the past five
years, average park attendance has been 213,000
guests. NRH2O sees approximately 90% of its
attendance from the Dallas/Fort Worth area with about
10% from other parts of Texas and visitors from out of
state. The park is a fourth quarter operational facility
with approximately 111 days of operation.

Revenue projections for fiscal year 2020/2021 are $4,292,723. The aquatic park will focus this year on
small infrastructure repairs designed to maintain the park in peak operating condition. Operating
expenses for fiscal year 2020/2021 are projected to be $3,289,603. Other expenses and reserves for
fiscal year 2020/2021 are estimated to be $1,003,120.

The water park market in the Dallas/Fort Worth Metroplex has significantly changed in recent years.
When NRH2O opened in 1995, the park was one of three water parks in the DFW area. In recent years,
nine additional water parks have opened within the Metroplex. The addition of these recreational
facilities, ranging from local area cities opening expanded leisure pools to the public/private
partnerships opening in multiple locations have offered challenges, but also opportunities. As a result
of population growth in the region, the market has continued to expand with a growing number of people
visiting water parks.

The park has a history
of success and has NRH20 WATER PARK ATTENDANCE
been able to pay for all
of its operational costs 234,000
and debt service with 227,525
the exception of the last 202,515 184,064 186,000 190,000
three years. Two of the
last three years had
record rain fall during *Park
Closed/
the 111 day operational ATTENDANCE Covid19
season. In 2020, due to
COVID19, the park was
only open for a total of
16 days necessitating a 12,461
loan from the General
Fund. This was the first 2015 2016 2017 2018 2019 2020 2021
year that the park had WATER PARK SEASON
to receive a loan from

135