According to plans announced by developer Cushman Properties, the US$600m (464m euro, £305m) project, called Pinnacle Falls, would include a US$50m (39m euro, £25m) aquarium and a 300-room hotel housing an indoor waterpark.

Other features of the entertainment district would include a rushing river through the centre of the development, interactive fountains and a giant clock tower.

David Cushman, chief executive of Cushman Properties, said the new destination attraction would attract around 400,000 people a year.

“The first phase of the project will cost around US$250m (193m euro, £127m) and would include an aquarium,” he said. www.cushmanproperties.com

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