NIAGARA FALLS, N.Y. (WIVB) – Governor Andrew Cuomo calls it “the biggest private sector development in the Niagara Falls in a generation.”
Two-hundred-thousand square-feet of the mostly shuttered Rainbow Centre Mall will be developed for a mixed-use project. The project, dubbed the Wonder Falls resort, will include a water park, 300-room, 15-story hotel, spa and Nik Wallenda attraction.
The indoor water park will highlight natural features in the region. The hotel will have rooftop dining, a Daredevil Adventure Center featuring Nik Wallenda, an indoor family amusement facility, as well as other retail and food and beverage venues. Portions of the project will be operated in conjunction with Niagara County Community College’s new Niagara Falls Culinary Institute, which is already housed in one portion of the former mall. The remaining space in the former mall along with the parking garage will be utilized for this new project.
Uniland Development is teaming up with Delaware North and Cannon Design to give new life to the old mall. The public-private partnership will use an estimated $150 million from the Buffalo Billion to transform the old Rainbow Mall.
Across the street, a $25 million hotel and conference center will also be built by the Hamister Group.
Governor Cuomo was joined by many local and state dignitaries in making the announcement Friday on Goat Island. The project is expected to create more than 300 permanent jobs and support more than 1,500 jobs during construction.