The expensive Da Nang Water Park is making way for a sports center after seven years of poor patronage and paltry revenue.
Building the water park ate up more than VND64 billion (US$3.6 million) in city funds yet the annual return has been less than VND3 billion, mostly from its restaurants and renting out space for parties and events.
The Da Nang Construction Department on Wednesday said the nine-hectare water park would be dismantled next month so that work could start on the Da Nang Sports and Gymnastics Center.
Designed by South Korean Aum & Lee Architects, the sport center will occupy 9.4 hectares.
The dismantled water park will probably be re-constructed next to the new cable car at Ba Na Mountain, Le Nguyen Hong, deputy director of the Da Nang Department of Culture, Sports and Tourism, told Tien Phong newspaper last month.
For seven years, the park averaged fewer than ten visitors on sunny days. During the rainy season, practically no one showed up.
The only time it resembled a "hotspot" was in the first few days when people were curious to see the biggest water park in the central region, only to find that it was expensive and boring.
Local residents complained that it cost VND5,000 to get in and a further VND30,000 to enjoy the water or one of the sideshows, whereas a day at one of the many clean, beautiful beaches around the city was just VND2,000.
Since November last year, the park has technically remained open but all the entertainment has stopped.
Many of the water park's facilities have fallen into decay as the income couldn't cover the maintenance. While some employees have been sent home, others are occasionally working for no payment.
The park has been on the market since last year but no firm has shown interest as the asking price of VND233 billion is too high and the city government insisted that nothing new could be added.