NEW CANEY, TX—Developers plan to convert a wooded plot of land here into an entertainment district centered on a theme park and water park by 2015. Construction could  begin in October on the Grand Texas Theme Park with the goal of a grand opening in March 2015, according to a report in the Houston Chronicle.

Developers and officials in Montgomery County will close by the end of April on land on State Highway 242 and U.S. Highway 59, about 15 miles from the Woodlands and 10 miles north of Kingwood.

The cost of the water park, theme park, amphitheater and paintball arena, which will be supported by developer Monty Galland’s investment group, will total $119 million. The other developments, which include restaurant and hotel areas, will add $95 million to the overall cost. The project was discussed at a Feb. 14 board meeting of the East Montgomery County Improvement District. Developers project first year attendance to be around 665,000 to eventually reach about 1.8 million after several years.

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