
News: Six Flags New Orleans doors remain shut, future uncertainBy Wes |
Mar. 9th, 2007 -- Over 18 months ago Hurricane Katrina ravaged New Orleans and its neighbors as well. Six Flags New Orleans was just one of many attractions in the area that were devastated. Today not much has changed at the park. Batman – The Ride was quietly dismantled and removed by Six Flags, but much of the park remains the same. The parking lot is no longer filled with patron’s cars, but is today being used by the Federal Emergency Management Agency (FEMA) as a staging point for trailers. There have been hints that Six Flags is trying to pull out of the park. In June, the Mayor of New Orleans stated that Six Flags wanted to pull out of its 75-year lease agreement with the city. Six Flags offered to pay the city $10 million, along with giving the city 66 acres of land the company owns next to the park and 20 percent of any insurance proceeds above $75 million. In a filing with the Securities and Exchange Commission, the parent company said Six Flags New Orleans was covered by up to $180 million in property insurance, with a $5.5 million deductible. The uncertainty is certainly no help to the city as nearly half of the park’s visitors were normally not from New Orleans and brought in much needed revenue. At this time Six Flags has made no official statement in regard to the fate of the park. For more information visit the Gwinnett Daily Post. |
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