PARK CITY, Kan. (KAKE) - A massive $500 million development in Park City that promises to bring residents a two-story aquarium, a big Ferris wheel, and lots of other new activities is set to break ground Friday. But some residents say they’re staying cautiously optimistic.

"It would be really cool if we could bring that to Park City, and build up, you know, for the area," said Ray and Susan McHenry.

The McHenry's have lived in Park City for nearly three decades, so they've seen most of the development projects in town over the years.

"Really neat idea. I just pray that they have their stuff together in order to be able to fulfill it," said McHenry.

McHenry is talking about renderings released by Lange Real Estate on Monday showing off its new $500 million Champtown project ahead of the official groundbreaking scheduled for Friday afternoon.

Taking a look from above, you can see crews work to level the ground and prepare it for construction.

Comparing it to the second rendering released Monday, you can see that the extensive project will include a two-story aquarium, eight baseball fields, restaurants, shopping, and a rainforest-inspired butterfly conservatory.

Having lived in Park City for so long, the McHenry's admit they're a bit nervous.

"It's a great idea. But we all thought that Wild West World would be a great idea too. So we're just really hopeful that the business plan and the ethics of the person doing this is really good," McHenry said.

McHenry is talking about the failed amusement park that went belly up after just a few weeks in business back in 2007.

Rachel Lange-Mills with Lange Real Estate assured residents that Champtown isn't just another development, but a vision of progress and a nod to the future of Park City.

"I just hope it works out for this area, and for the people doing it, and for the residents around here that could benefit from the fun atmosphere that this should bring," McHenry said.

The official groundbreaking ceremony will be on Friday at 1 p.m. where project leaders say they will provide a more detailed overview of the development plans.