The first spade went into the ground on Thursday as work on Scarborough’s £14 million water park began.
Mayor of Scarborough, Cllr Pat Marsburg, and Roland Duce of developer Benchmark Properties were on hand to do the honours at the site, which is situated to the rear of the Burniston Road car park.
Mr Duce told The Scarborough News that it has been a long road to get to this point.
He said: “I would be lying if I said I never had any doubts.
“We took on this project at the worst time really as the banks were not lending and had it not been for the council stepping in to take the bank’s place then we would not be here today.
“Scarborough is already one of the most visited resorts in Britain but you have to keep offering people more.
“This water park will welcome 500,000 visitors a year through its doors and pump between £10m-£15 million into the local economy.
“Together with what Flamingo Land have planned [for The Futurist Theatre] it is an exciting time for Scarborough.”
It is hoped the water park will open in Easter 2016.