New Orleans authorities have shortlisted two bids to take over the former Six Flags New Orleans site, with hope still alive that it could be revived as a theme park.
The committee overseeing the bid process rejected six of the eight proposals that were submitted for the site, mainly on the grounds that none were seen as financially viable. The two plans that progressed to the next stage are from RCS Entertainment Inc. (which hopes to build a "green" theme park) and DAG Development and Provident Realty Advisors (which would build an outlet mall).
The outlet mall proposal scored the highest mark of any of the eight bids, and would see more than 400,000 square feet of retail space created. If the project is successful, a smaller theme park could still be constructed alongside the mall, along with a boardwalk entertainment district.
The RCS Entertainment bid, meanwhile, would see a $200 million budget being spent on restoring the existing Six Flags New Orleans rides and reopening the park as Crescent City Amusement Park. Described as being on the same scale as a Busch Gardens property, the park be would be joined by a water park and hotel as part of a second phase of development.
Of the other six bids to be rejected, the highest-profile was that of the The Paidia Company. This would have seen the park renamed as Jazzland, its original moniker when it opened in 2000. However, the plan was not seen as financially credible.
Theme Park Tourist recently took an in-depth look at the fate of Six Flags New Orleans, which lies in disrepair having been badly hit by Hurricane Katrina in August 2005.
Six Flags New Orleans closed following the hurricane, and the site has been out of use ever since. In October 2009, former operator Six Flags reached an agreement with the City of New Orleans to terminate the remainder of its lease for the site.