Shark Reef will not open in 2012 - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

Shark Reef will not open in 2012

Posted: Updated:

KENNEWICK, Wash. -- A water park that was set to open in Kennewick next year (2012) will not happen.

The developers of Shark Reef Water Park say they were unable to get the financing needed for the project.

Shark Reef President Mark Hillman said in a statement released Thursday afternoon, "Approval on a $10-million loan in any economy can be difficult, but in a struggling economy it has proven to be impossible."

Hillman says they aren't giving up. They plan to look at the project again once the country's economy improves.