Groundbreaking for the construction of a new Schlitterbahn to be built in Corpus Christi has been set for 2 p.m. Friday.

As part of a deal between Schlitterbahn and the City of Corpus Christi, construction of the new waterpark has to begin by Feb. 22. The City has agreed to give the company $117 million in incentives to build the park on Padre Island.

At last report, completion of the park is estimated to take place in March of next year.