Future of Six Flags New Orleans uncertain

Six Flags leases the park from the city's Industrial Development Board, free of property taxes, but in return the park is required to rebuild in the event of damage.

That seems to answer the burning question...Of course, what does rebuild mean and to what scale? You would have to wonder what the population base will be for the intermediate future...

I wonder if the city's Industrial Development Board anticipated or predicted that if in the event of a catastrophic hurricane doing as much damage as it did to SFNO, would still "require" them to rebuild... or if there's a such thing as "except in the case of"... because like a submerged car in the same situation, I'd have to deem this park "totaled".

Some things are salvagable... but to rebuild this park back to its former state, or even a shadow of its former self, it'd run into the hundreds of millions considering all that has to be rebuilt from scratch vs. what's repairable vs. what's still good.

They'll probably have to spend the remaining cap ex budget rebuilding,so there go next season's new attractions minus the 3 coasters already planned & being built.

well thats ok...maybe SFA will get one of those new coasters? :)

Nah, they'll just remove and sell off a couple of coasters from SFA. That way in a couple more years, perhaps, SFA can get some new ones to replace them.

I work for an insurance company, primarily with
Auto/Boat/motorhomes/bikes. The general rule with those is:
If the replacement/rebuilding cost meets/exceeds 80%, it is totaled out.
The parks situation will be interesting to calculate.

why don't they just come out and say it'd be cheaper to buy out the lease than rebuild a park that won't have jack for a consumer base...it just doesn't make any sense to fill people's brains with this kind of hope, lets focus on what needs to get rebuilt, infrastrcture, schools, apartments, everything...amusement park comes way after all those

I believe it's possible that the park may have to be totally relocated as there's talk of pulling out of New Orleans East and returning it to swampland. I believe the customer base will come back quicker than expected. It's the work base of the park I'd be even more concerned about.

French Quarter businesses (hotels, restaurants, etc.) are very concerned that they won't be able to find workers as many of the areas that housed much of their work force were totally decimated. Those are the people who may not return. Same holds true for Six Flags. Though they are trying very hard to keep track of their employees and even get them jobs at other Six Flags parks in the region.*** This post was edited by Cameraman 9/28/2005 1:38:07 PM ***

They are "required" to rebuild, but what are the city's remedies if they don't. Can they sue SF for the cost of rebuilding, or just terminate the lease agreement?

Three coasters being planned and built? When was the "planning and building" of three coasters at SFNO announced?

I think he meant:
Goliath (SFOG)
El Toro (SFGA)
Unknown (SFMM)

just the way I read it.

I doubt this park will re-open. I drove by it a few weeks ago and it looked like there was at least one coaster that was severely damaged, and I am sure there was more than I could see from I-10