A WORLD famous destination, often referred to as the unofficial eighth Wonder of the World, could be getting a new theme park.
The Ontario government has launched a new Destination Niagara Strategy which is a multi-billion dollar plan to transform Canada‘s top tourist spots into even better destinations.
As part of the strategy, Niagara Falls could become the ‘Las Vegas of the North’ with the possible creation of a new theme park.
Other plans include redeveloping the Ontario Power Generating Station into a new tourist destination.
A huge wheel ride that visitors can see the falls from is also part of the project – and could be similar to the London Eye with views of the River Thames.
The Niagara Parks Marina will be updated, with plans of opening a restaurant, shop and outdoor patio area.
Read more on travel inspo
Work is already being carried out to convert the historic Toronto Power Generating Station in a five-star hotel – a first in the area.
The hotel is on the banks of the upper Niagara River and will have a craft brewery, museum, a spa, art gallery and a theatre.
In addition to this, there could be “multiple world-class casinos”, as well as “entertainment and top-tier dining options”.
Niagara’s casinos already attract over five million people and generate around €500million (£373million) every year.
The report states that it would “create new, world-class attractions, boost local arts and culture and improve the region’s transportation network.”
It hopes to welcome as many as 25million visitors a year, and double the region’s tourism.
It could even create $3billion (£2.3billion) for Ontario’s GDP.
Premier Doug Ford said: “Niagara is home to the world-famous Niagara Falls, one of the most iconic tourism destinations on earth, along with a host of world-class restaurants, wineries, hotels, cultural events and so much more.
“Our Destination Niagara Strategy will unlock the region’s full potential, supporting workers and creating new opportunities for tourists and families from Ontario and around the world to come and experience the best that the region has to offer.”
Sam Oosterhoff, MPP for Niagara West said: “This transformative investment in Niagara as a world-class, four-season tourism destination is another example of how our government is protecting Ontario.
“This critical support for our regional tourism strategy will not only attract more visitors from coast to coast across North America, but from around the globe.”
In the future, the destination could see even more new attractions and visitor experiences – though details are limited.
More money will be invested in cultural events too and improving transport options in the region.
Also in the years ahead, there could be a new Niagara River Line attraction, which would be an electric tram through Queen Victoria Park.
Visitors would board capsules that would be suspended, allowing them to see Niagara Falls from a new angle.
Back in August, a new Niagara Takes Flight experience opened.
The $25million (£18.7million) flying theatre experience allows visitors to go on a journey along the Niagara River corridor, soaring across 34.8 miles of parkland including Lake Ontario and the edge of Lake Erie.
A recent visitor said: “This was the most fun we had at Niagara Falls!
“This simulation makes you feel as if you are really experiencing this adventure!”
In other theme park news, these are all the UK rides and attractions that we lost in 2025 and the exciting ones coming in 2026.
Plus, a new £875million theme park dubbed ‘Transylvanian Disneyland’ is set to open in Europe.