Ribbon cutting Thursday for Crystal Lagoon in Wesley Chapel

WESLEY CHAPEL, Fla. - The highly-anticipated, first-ever crystal blue lagoon in the United States is officially being unveiled on Thursday. 

The ribbon cutting is being held for the 7.5 acre Crystal Lagoon in the brand new community of Epperson in Pasco County. 

MORE: Water begins to flow into Crystal Lagoon

The grand opening celebration of the community will be in spring 2018 with special guest U.S. Olympic Gold Medalist Michael Phelps. 

The lagoon will include a waterslide, private cabanas, swim-up bar, tidal pool, yoga lawn and family beach. 

The amenity will cost $25 a month for residents whose homes are built around the lagoon, but it will also be open to the public for a fee.

After construction, the millions of gallons of water began to fill the man-made lagoon in November. 

Metro Development Group based in Miami builds the lagoons mainly in Dubai and South Africa. This is the first of its kind here in the United States and there are plans to build more in Central Florida, including Wimauma in southern Hillsborough County, Polk County, and in north Ft. Myers, along with Texas, and Nevada.