A new playground and splash park was built for the park, which is situated on the banks of the Murray River.

Development started on the project back in August, and manager Sean Driscoll said he was relieved to finally get to the grand opening after more than a few setbacks along the way.

“It looks spectacular – this has been a long time coming,” he said.

“It's been a three-and-a-half month process, we cleared out a fair bit of the park.

“Everyone is really excited about it.”

The grand opening had been delayed after floods caused construction to stall mid-way through the build. 

“We copped a lot of the floods in the week or so before the Melbourne Cup,” Mr Driscoll said.

“It was hard work, we spent a week and a half or so running around sandbagging but we got there.”

The official opening has come at the perfect time for the new park, right as the peak summer and Christmas season kicks into high gear.

With a host of brand new attractions finally complete, Mr Driscoll said there had been more interest in the park than ever before.

“Out of around 300 available spots, we would have had 30 to 40 vacancies this time last year,” he said.

“There's only 10 sites still vacant this year.

“It's going to create a lot of interest going forward.”

Making the multi-million-dollar project more impressive is the fact that is has been administered by a local not-for-profit committee of management.

“The park upgrades have been fully funded by this committee out of their own pocket,” Mr Driscoll said.

“It's a great thing for the Yarrawonga community.”

Committee vice-chair Glenn Brear said there were more developments in the pipeline.

“This is the first of six stages, we're hoping to add more cabins and put a new entrance up further down the track,” he said.

“We're working with Moira Shire, but we're hoping to have all the stages completed in the next five or six years.

“This park is going to be a great asset to the community, it'll bring more people to town, and compel them to stay a bit longer.

“Businesses in Yarrawonga are the ones who are going to benefit the most from this in the long run.”