Six Flags New Orleans site: "not low risk"

Posted | Contributed by Jeff

Last month, when proposals for redeveloping the abandoned Six Flags amusement park site in eastern New Orleans were unveiled, two things became clear: Interest in the site was far from overwhelming, and if it is resurrected, it will likely have a predominantly consumer component. Neither of those things seemed to surprise real estate and economic developers familiar with the site who point to the current economic climate and the site's shaky past, but consider the plans now under consideration promising.

Read more from The Times-Picayune.