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Slater backs world's first wave park

Updated: September 15, 2012, 5:41 PM ET
By Keith Hamm | ESPN.com

The surfers' dream of a perfectly shaped, never-ending wave moved closer to reality as Kelly Slater and an Australian investment firm joined forces to build the world's first wave pool featuring a continuous, world-class wave.

The 11-time world champ has entered into talks with LM Investment Management to create the doughnut-shaped wave pool -- estimated at 540 feet in diameter -- as part of a planned $1 billion residential community on Australia's famed Gold Coast, according ...

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