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Entertainment Associates, the company formed to rescue Jazzland from closing, has withdrawn its bid to buy the park. According to the bankruptcy attorney for Entertainment Associates, "Jazzland has informed us that it is actively negotiating with Six Flags." Other companies are interested in Jazzland as well, including Ripley Entertainment, known for their Ripley's Believe it or Not museums. The park has enough cash to operate through this weekend.
Read more from the Times-Picayune.