According to the social expectations, the natural aggregates post-mining area in Waryś should be revitalized towards the water function and serve as a recreational area. The paper identified the features which characterize the post-mining area of “Waryś” mine and its surroundings. On the basis of these features evaluation of opportunities for recreation and leisure functions was conducted. The conducted analysis indicates that although this feature seems to be attractive for many reasons, from the point of view of economic efficiency it is not justified, as the necessary revitalization works will require incurring high capital investment costs necessary for proper formation of the recreation and leisure space and its surroundings. At the same time the possible financial benefits probably will not balance the amount of costs incurred for the maintenance of the infrastructure and objects serving the recreation and leisure functions. However, the risk of failure of the revitalization may be decreased by diversifying the form of shaped space, because various revitalization modes and/or functions may efficiently coexist with each other, thereby forming a synergy effect.