A popular central Arkansas water park is going under the gavel due to unpaid taxes.
Wild River Country, located in North Little Rock, is set to be sold at auction on April 14 by the Arkansas State Land Commissioner’s office due to unpaid taxes. In total, the park has reportedly failed to pay $282,000 in taxes, according to a KATV report.
The auction is scheduled for April 14, at 10 a.m. at Simmons Bank Arena in North Little Rock.
On its website, Wild River Country refers to itself as the state’s largest water park. The 26-acre theme park features 11 water slides, a wave pool, the Wild River Rapids, and other attractions. The park’s 2020 calendar is currently unlisted, although season passes are still listed as available.
On the State Land Commissioner’s website, there are three parcels for Aquapark Holdings listed in the April 14 auction catalog. There is a 24.47-acre parcel, a 6.21-acre parcel and an acre parcel.
The park owners can pay off the taxes before April 14 to cancel the auction and also have 10 days following the auction to cancel the sale.
In addition, the park is facing a lawsuit from JTS Capital 3 LLC, a Texas-based firm that claims the park has defaulted on $2 million in loans. In August 2019, JTS Capital assumed Wild River Country’s debt from Centennial Bank. The firm filed the suit in January, seeking payment for its loans.
In the suit, JTS Capital 3 says the other option is foreclosure and a sale of the park.