The surf industry took a major hit during the recession with nearly half of all mom-and-pop retailers closing their doors. Now the remaining players are hoping surf parks will expand the sport.

During the first ever Surf Park summit last month in Laguna Beach, Calif., surfers, investors and other industry members discussed the prospect of a developing surf parks, 2-acre wave pools that would generate waves of all sizes for all levels of surfers.

This is welcomed news to surf board manufacturers and apparel retailers who see the possibility of entering new markets such as Kansas or Nebraska. But it also could lead to new projects for waterpark developers. Read More