Uniland Chosen to Transform the Rainbow Centre Mall

August 8, 2014 Updated Aug 8, 2014 at 3:44 PM EDT

By Adam Francis - Assignment Manager

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Uniland Chosen to Transform the Rainbow Centre Mall

August 8, 2014 Updated Aug 8, 2014 at 3:44 PM EDT

NIAGARA FALLS, N.Y. (WKBW) Uniland Development, a WNY based developer, has been chosen to transform the old Rainbow Centre Mall into the "Wonder Falls" resort.

New York Governor Andrew Cuomo announced the project during a visit to the Falls, Friday afternoon.

The $150 million dollar project is being supported by the Buffalo Billion funds. The plans for the 200,000 square foot space include a hotel tower, restaurants, entertainment facilities and an indoor waterpark.

The Rainbow Centre, a former shopping mall, has been largely vacant for over a decade.

Uniland is partnering with Cannon Design and Delaware North on the project.