New Orleans wants to revive buyout deal with Six Flags
Posted April 24, 2009, 11:17A |
Contributed by Jeff
Six Flags CEO Mark Shapiro told the Associated Press on Thursday that New Orleans suddenly wants his company to put a deal back on the table in spite of its well-publicized financial problems. In 2006, Six Flags offered to pay the city $10 million, donate 86 acres of land it owns in eastern New Orleans and share with the city any future insurance proceeds it collected on the park in excess of $75 million if the mayor's office would terminate its long-term lease. Six Flags valued the deal at about $14 million.
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