Adventure River was a water park located in Memphis, Tennessee. It opened in 1985 and closed in 1998. Adventure River was located just northeast of the I-40 and Whitten Road junction. The park, which had become "Wild Water and Wheels" in its later years with the addition of go-carts, closed in September 1998 due to decreasing attendance, risin…Adventure River was a water park located in Memphis, Tennessee. It opened in 1985 and closed in 1998. Adventure River was located just northeast of the I-40 and Whitten Road junction. The park, which had become "Wild Water and Wheels" in its later years with the addition of go-carts, closed in September 1998 due to decreasing attendance, rising insurance costs, and the rise in property value in the area.