CoastersNSich Posted July 1, 2006 Share Posted July 1, 2006 New Orleans Times-Picayune article (located halfway down) The company that owns Six Flags New Orleans does not want to re-open the flood-ravaged eastern New Orleans theme park, and has sent a proposal to the city that would allow the amusement company to walk away from its 75-year lease, according to documents. Six Flags Inc. has offered to pay the city $10 million to cover rent to the city, give the city 66 acres of land the company owns adjacent to the park, and give the city 20 percent of its insurance proceeds above $75 million. The amusement parkhas been closed since Hurricane Katrina. Quote Link to comment Share on other sites More sharing options...
CoastersRZ Posted July 1, 2006 Share Posted July 1, 2006 That`s rather sad news that they don`t intend to reopen the park. This combined with the news of the other parks could drastically shrink the size of the company. Quote Link to comment Share on other sites More sharing options...
italianchef Posted July 2, 2006 Share Posted July 2, 2006 With all the debt that Six Flags has, it is better to shrink and survive and than to stay big and go bankrupt. I feel bad for the company, but we all do what we must to survive in life and in business. On a personal note, I hope that they don't sell SFKK because I like knowing that the Justice League and Looney Tune characters are a 2-hour drive away. Have a great day! Italian Chef Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted July 2, 2006 Share Posted July 2, 2006 Since Kentucky Kingdom is a very profitable park for Six Flags, I don't think you have to worry about it going anywhere, so long as there is a Six Flags Theme Park company. . . Quote Link to comment Share on other sites More sharing options...
WooferBearATL Posted July 2, 2006 Share Posted July 2, 2006 I hate to see Six Flags lose New Orleans as that likely means that the park will close entirely. It's always depressing to see the loss of a park. But that being said, New Orleans was going to remain a challenge even without the Hurricane Damage. There's just little way that I can see any chain making money with that park any time soon. Quote Link to comment Share on other sites More sharing options...
Steveo3631 Posted July 2, 2006 Share Posted July 2, 2006 With these parks closing, the wooden coasters there are likely to be demolished. Not a good trend. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted July 2, 2006 Share Posted July 2, 2006 With these parks closing, the wooden coasters there are likely to be demolished. Not a good trend. The New Orleans woodie is beyond repair. It sat in water for weeks and weeks and weeks...and had a steel structure that now has virtually no foundation. Quote Link to comment Share on other sites More sharing options...
WooferBearATL Posted July 2, 2006 Share Posted July 2, 2006 I don't think people truely understand the destruction that Katrina caused. Quote Link to comment Share on other sites More sharing options...
TheKlockster Posted July 2, 2006 Share Posted July 2, 2006 What about the Batman ride though? Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted July 2, 2006 Share Posted July 2, 2006 Probably the closest to being salvageable, but I bet the City of New Orleans ends up with it as part of an eventual settlement. Quote Link to comment Share on other sites More sharing options...
BeeastFarmer Posted November 14 Share Posted November 14 New Orleans Six Flags site demolition halted (wdsu.com) Quote Link to comment Share on other sites More sharing options...
Orion-XL200 Posted November 15 Share Posted November 15 I always look to Jazzland Park on Facebook for updates/reality of the current situation with the park. They are one of the few firms who have been considered for redevelopment of the park land. I asked them in October if there was any truth to the rumor by an urban explorer claiming demolition was going to happen before any official word of demolition commencing was made. This is what they had to say: Quote Just waiting things out. Troy (Bayou Phoenix) talked to the press in August about demo, but the city would have to pay for it. It really sounded more like a last ditch effort to keep the lease as he had a milestone this past Friday that he failed to meet. Now the question is how long will the city let him sit in violation of the lease before they do something. This was their last update aside from a link to the news from above: Quote Jazzland Park · November 4 at 12:13 PM · We know it's been a long time since our last update, but we have been busy elsewhere. All of our team members work in the industry as our "day jobs", creating attractions for theme park clients around the world. We also knew that things were in a holding pattern until the Bayou Phoenix lease gets terminated. As far as the demo news from a few months ago, we are not concerned. We know that the city gifted them $1 million of taxpayer dollars (via American Rescue Plan Act federal monies that the City redirected). $1 million can only do so much damage to the site. If one posting of rides coming down is accurate, no biggie. We were going to take most of them down ourselves. Of course, we would have paid for it instead of the taxpayers. There's a LOT better use of those funds in the City. We believe allocating them to the site is a huge waste of funds and not what those funds were intended for. October 25th was Bayou Phoenix's first lease milestone. They were to have a tenant. Unfortunately, the lease doesn't specify that the tenant has to be viable. The only potential tenant is the "frequent collaborator of Tyler Perry" that dreams of building a huge movie studio. Everyone that is local knows that will never happen. The "frequent collaborator" might need to update his IMDB listing as it appears he's a musician that wrote the theme song for a Tyler Perry TV show a dozen years ago and has performed for a few songs since. Tyler Perry is not involved. As for the movie studio idea, everyone local knows. Louisiana lost the Hollywood South title to Georgia years ago. There was movie studio on Chef that shut down, another place that had tons of cars and vehicles that they leased to movies also off of Chef that moved their operations to Georgia. And the huge Deep South Studios planned by the Pitch Perfect producer for Harahan stalled. A huge studio is never going to get built. Anthony Mackie is being realistic and planning a very small studio space, because a huge studio will never be viable. That shipped sailed along with the tax credits. Not arguing if former Gov. Edwards change to the program was a good thing or a bad thing. Just stating the simple fact of what the result was. If NORA will let the musician count, then they will probably let things float until the end of Cantrell's term and let it be the next Mayor's problem. If they don't, BP has roughly 90 days to cure the lease by finding a real tenant or lose it. We would hope that NORA wouldn't waste taxpayer money demolishing anything when there isn't a plan (BP is on record as saying that they haven't hired an architect yet) of what would go there. Unfortunately, the current situation is what we predicted. We aren't going away. We've been around this long. We won't be posting that often, but we're here. Our finance partner is still here. And we'll be ready to move forward when the time comes. Quote Link to comment Share on other sites More sharing options...
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