Hawaiian Falls Waterparks is a chain of faith-based waterparks owned by Harvest Family Entertainment. Hawaiian Falls parks are all built using the public-private partnership model, where cities contribute funds and/or other incentives and the parks are built on public land. Each of the seven parks has a separate lease structure with the cities participation ranging from contributing land and infrastructure costs(Garland and The Colony)to 100% financing . The first two parks were in the City of Garland and the City of the Colony, both in Texas. The third park was located in the South Oak Cliff neighborhood of Dallas. In 2004 Hawaiian Falls experienced financial problems and founder and CEO David Busch sold the company to Herschend Family Entertainment. In 2006 Busch was able to buy the company back from Herschend after purchasing, then reselling The Colony and Garland Parks to CNL Lifestyle Properties. In addition to paying rent to Garland and the Colony, Hawaiian Falls must pay rent to CNL. In 2014 The City of Garland conducted an audit of Hawaiian Falls and was unable to verify Hawaiian Falls gross receipts for the 2011 season.