(BUSINESS WIRE)--Team O2 Investments LLC, a Colorado Springs based firm, has announced plans for a 30-acre water park resort on the north end of Colorado Springs. The resort will be called Outrageous Oasis.

Outrageous Oasis will feature a year-round, 100,000-sq.-ft. indoor water park under an 85-ft. roof. That’s roughly the size of two football fields side by side, which the developer makes Outrageous Oasis the country’s largest indoor water park outside the Wisconsin Dells.

The master plan also includes a 3- to 5-acre outdoor water park, more than 500 hotel rooms and family suites, 80,000-sq.-ft. of convention and meeting space, and several restaurants, concessions and retail stores. When the full master plan is complete, Outrageous Oasis will employ approximately 520 people.

Indoor water park resorts are a growing trend in family travel, and have been recently featured in Time magazine, The Wall Street Journal and USA Today.

Outrageous Oasis will be the first water park resort of its scale in the Western United States.

“In the Wisconsin Dells, indoor water park resorts have turned a 100-day tourist season into year-round visitation,” said Ed Hilligrass, co-owner of Outrageous Oasis. “These resorts continue to add rooms, attractions and convention space just to keep up with demand. With nearly four million residents along the Front Range, and more than 20 million annual visitors to Colorado, we expect to see a similar -- if not even greater -- response here.”

Outrageous Oasis will have the capacity to entertain both resort guests and area residents with many of the industry’s latest water park rides and attractions. The indoor park will offer attractions such as a lazy-wave river, a beach entry wave pool, more than a dozen tube and body slides, and a 24,000 sq,-ft. children’s play structure with slides, fountains, sprayers and games.

Team O2 has entered into a purchase agreement with Picolan Inc. for a parcel in the Northeast corner of the Northgate Corporate Village. “We chose this site for its dramatic views, easy access, and proximity to the whole Front-Range tourist corridor,” said Patrick Bollar, co-owner of Outrageous Oasis. The parcel is located south of Northgate Boulevard and east of Voyager Parkway.

Development will be completed in two phases. The first phase includes the indoor water park, a 270-room resort hotel, 40,000-sq.-ft. of convention and meeting space, restaurants, concessions and retail stores.

The company has submitted initial plans to the Colorado Springs city planning department, and anticipates breaking ground later this year. The first phase of construction will take 14 to 16 months.

Colorado Springs architectural firm James W. Nakai & Associate P.C. is leading the Outrageous Oasis design team, which also includes hotel design specialists Jonathan Nehmer & Associates Inc. and Ramaker & Associates Inc., well known in the amusement industry for design of both indoor and outdoor water parks.

The design is built around responsible use of water resources. Zero-entry pools and shallow splash-downs will minimize consumption, and water will be treated and recycled on-site. When complete, Outrageous Oasis’ indoor and outdoor water parks will use approximately 12 million gallons of water each year, or about as much as 60 to 70 homes.

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