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Tampa, Florida -- Tampa Mayor Bob Buckhorn helped celebrate the opening of a brand new park in the Tampa Heights neighborhood Tuesday.

The mayor cut the ribbon officially opening Water Works Park, a five-acre, $7 million project along Highland Avenue.

The park offers a play area modeled after a ship, a splash pad, an 8,500-square-foot dog run and a performance pavilion. A kayak launch, eight boat slips and a water taxi stop will be installed once the permits are approved. Ulele Spring, formerly called Magbee Spring, has been restored and opened to river.

The new Water Works Park opens in Tampa Heights.

"This park is transformative for historic Tampa Heights and our urban core but also for our entire city. It's another point of connection with the Hillsborough River, and will be a space for entertainment and activity," said Mayor Bob Buckhorn. "Everyone should come out to see, experience, and enjoy the park, the historic Tampa Heights neighborhood, and soon, a waterfront restaurant."

The celebration of Water Works Park continues on Saturday evening with food trucks, entertainment and fireworks. Friends of Tampa Recreation Inc. will sell alcohol, with proceeds going towards programming in City of Tampa parks. The fireworks display will begin at approximately 9 p.m.

The park is located at 1710 N. Highland Ave. Both events, including the entertainment and activities are free to the public.

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