Sheridan OK’s building year-round theme park

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Monarch Ventures, LLC announced Wednesday it has received final approval to move forward with SkyLake, a theme park development set to become Indiana’s premier year-round nature adventure destination.

The Sheridan Town Council voted 4-2 Tuesday evening to approve the necessary rezoning for the 126-acre site at the northwest corner of U.S. 31 and 216th Street, following a favorable 5-2 recommendation from the Sheridan Plan Commission on April 17.

SkyLake is meticulously designed as a unique, immersive theme park centered around a nature-based, self-paced experience. With engaging activities appealing to every age group and interest level simultaneously, SkyLake will blend serene settings, accessible adventures, and high-thrill attractions. The self-paced environment empowers all guests, from toddlers to grandparents, to actively participate and curate their perfect day together.

SkyLake’s four-season appeal will further solidify the region as a must-visit destination for families, groups, and event planners seeking authentic experiences.

“We are incredibly grateful for the support from the Sheridan Town Council and Planning Commission, and thrilled to bring the SkyLake vision to life,” said Phil Sack, President of Circle Property Group, the parent company of Monarch Ventures. “Our driving vision is crafting unforgettable, authentic experiences that reconnect people with nature and one another. SkyLake fulfills our mission to create adventure destinations that promote well-being and foster connection, helping families and friends make life-long memories. We are committed to being a cornerstone for the community through strong partnership and responsible stewardship, embracing sustainability in our environmental and business practices.”

Key highlights of SkyLake’s initial phase include:

• A six-acre natural lake: Featuring crystal-clear water managed sustainably without concrete or chlorine, surrounded by white sand beaches, and offering rentable land-based and floating cabanas for lakeside relaxation.
• Thrilling water adventures: Including the North American debut of the Boaz X Tower (a 40-foot modular slide-and-jump structure), a 300-foot floating obstacle course, paddle board rentals, and a 6,000 square-foot zero-depth splash pad.
• Year-round land adventures: Featuring the Sky Slide, a 60-foot high, 500-foot long all-season tubing hill; the Sky High Adventure Zone, a three-story ropes course experience offering accessible to high-thrill challenges; and SkyLinks mini-golf.
• Central Pavilion: A 40,000 square-foot hub offering upscale food and beverage curated by partner Legends, event spaces, and guest amenities designed for connection and comfort.

“This project is the first major development along the U.S. 31 corridor since Sheridan gained control of planning and zoning of the area earlier this year,” Sheridan Town Council President Silas DeVaney said. “I feel [Tuesday’s] approval of Skylake sets the tone for the 31 corridor and we will continue to be thoughtful about how our community changes over time. We look forward to working with Monarch Ventures as this project continues to move forward.”

Monarch Ventures is the newest division of Circle Property Group, focused on bringing nature-based and self-paced theme parks beginning in Midwest America. SkyLake embodies environmental stewardship, with sustainable water management as a critical component, utilizing innovative natural filtration systems for the lake in partnership with experts like Wisconsin Pond and Lake, and coordinating water usage with the Hamilton County Regional Utility District (HCRUD). The development team will leverage a full suite of advanced technologies to create a frictionless park experience, enhancing guest convenience from ticketing to in-park services.

SkyLake is projected to be a significant economic engine for the region, creating hundreds of construction jobs over the next year and ultimately employing 250 to 300 seasonal and operational team members. The park is expected to attract approximately 500,000 visitors annually, creating synergy with Hamilton County’s existing tourism infrastructure.

With approvals secured, Monarch Ventures plans to break ground in June 2025. SkyLake is slated to open in summer 2026, with additional attractions and features planned for years to come. Keep up to date with what’s coming at SkyLakeIndiana.com.