Former Astroworld site sold to developer

Posted | Contributed by Fierce Pancake

Six Flags has found a buyer for the former AstroWorld property, bringing the redevelopment of this closely watched site one step closer. Angel/McIver Interests, based in Conroe, is under contract to buy the 104-acre tract. The land development firm said the purchase price was confidential, but Six Flags reported it as $77 million in a recent news release on earnings. Specific plans for the site have not been announced.

Read more from The Houston Chronicle.

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http://www.chron.com/disp/story.mpl/front/3900739.html

Another story. Apparently Six Flags passed up an extra $8 million dollars because another interested party wanted an extra month to close the deal?!

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