The attraction, dubbed Palmersauria, is coming together in the grounds of the Palmer Coolum Resort in Queensland, Australia.
It features more than 150 replica animatronic prehistoric creatures, imported from China, The Australian reported.
Resort general manager Bill Schoch said while an official name had not been settled on, there was little doubt "Palmer" would be in the title, building on a brand that already included Palmer Resort, Palmer Golf, Palmer Grill and Palmer Motorama vintage car museum.
Airborne dinosaurs will swoop down on a flying fox, while a canopy walk will provide a unique perspective, The Sunday Mail (Queensland) reported.
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"There is some paperwork to finalise with council, but we will now be able to get it up and going much quicker than previously thought. I would say within six months to be safe, but it should be sooner," Schoch said.
"This will be unique in the world and provide a very up close and personal experience. I think it will create lasting memories for children and families. Some dinosaurs may look ferocious, but touch them and they are as cuddly as a koala," Schoch said.