By Deon Roberts, Online Editor
The saga about the future of the shuttered Six Flags site in eastern New Orleans continues.
In the latest twist, the CEO of a company that lost a licensing agreement with Nickelodeon said he wants to buy the site from the city for $12.5 million.
“We’re basically wanting to just go ahead and buy the property from the city of New Orleans and stop fooling around,” Danny Rogers, of Southern Star Amusement, told CityBusiness reporter Stephen Maloney today. “We don’t want to play this game anymore. If they want the park redeveloped, we want them to sell us the land and everything that is on it.”
It’ll be interesting to see what the city, which is facing a roughly $68 million deficit — the second largest it’s ever faced — will do.•
5 responses so far ↓
John // Wednesday, November 11, 2009 at 5:14 pm |
No one has ever really figured out who this Danny Rogers is… How is it that last week he could not scrape together $500k in earnest money for the Go Zone bonds, but now, viola, he’s got $12.5 million to buy the park outright.
James // Wednesday, November 11, 2009 at 6:41 pm |
The city needs to go ahead and dump this property as soon as possible. They’re delusional if they think it will create a recurring stream of revenue by maintaining a landlord relationship. Investors and deals change overnight all the time. When Nickelodeon backed-out, Southern Star no doubt weighed their options and have decided that purchasing the property outright is the best course of action. If the company can lineup investors and do the deal, the city would be foolish to play games and risk owning a blighted property forever. A quick $12.5 million will put a HUGE dent in the City of New Orleans’ budget shortfall!
c. trent // Thursday, November 12, 2009 at 2:42 pm |
12.5 million dollars is a steal and couldn’t possibly reflect even a minimum of the sites worth. Southern Star seems like a fly by night operation. It has absolutely no experience in running a theme park, and really should quit with its propaganda and basic BS.
trippy // Saturday, November 14, 2009 at 2:28 pm |
Maybe Irving Mayfield can help this happen?
Ha!
Lb // Wednesday, November 18, 2009 at 3:37 pm |
Actually this park will be great for the city of new orleans it will create more jobs and bring in more out of town visitors that will spend money and help the economic down fall.. This company atleast is giving the city a chance… The city of new orleans has more of a rap sheet than the company and people need to just reach out and help cause once this does happen their will be great things that will happen for the city of new orleans….. You know like people actually making money….