The Minnesota developer with plans to restore the former Six Flags Theme Park in eastern New Orleans has withdrawn its request to appear before the Industrial Development Board today to request preliminary approval of as much as $200 million in bonds for the project, according the board's administrator.
Plans to redevelop the shuttered Six Flags park in eastern New Orleans have foundered. 3 Wise Men Entertainment, a Baton Rouge company created by a Minneapolis real estate development firm, asked last week to be removed from the agenda the day after a news story was published announcing the company's plan to appear before the board.
In its application to the development board, which acts as the city's real estate arm, 3 Wise Men Entertainment. said it wanted the bonds to restore infrastructure and equipment in the former Six Flags park, which has not reopened since being damaged by Hurricane Katrina flooding in August 2005. Last summer two different redevelopment plans were bandied about for the shuttered park, but neither gained traction.
A telephone call to the company was not returned Monday.
In withdrawing from the meeting, 3 Wise Men said it may appear before the board at a later date, a spokeswoman for IDB said. The company's application was to be reviewed by the IDB at today's meeting. If the request had been approved, the application would have been considered by the State Bond Commission. Bond commission approval would allow the company to begin shopping for investors.

Six Flags has removed all of the rides and parts that it wanted, the major rides that are left can be rebuilt. The minor rides that are left for the most part are just junk. The reason Six Flags did not move the majors is it has a stock pile of rides of the type that are left and is not interested in spending the 8 to 12 million needed to restore them, let alone the millions to move them. The damage to the rides in some cases is minor and in others major. Six Flags did major damage to Mega Zeph by removing the trains, braking system, safety system and other parts they wanted. The storm also did it a job in 3 areas (that can be repaired) best case repair cost is 2.5 million but more like 3.5 now as time is the enemy here (this holds true for the whole park after almost 5 years) Zydeco Scream, Log Ride, Spillway Splashout, Jester, Dizzy Lizzy, Sky Coaster and the Big Easy can all be rebuilt. The building for the most part can also still be saved. As for the rest of the rides its just to late. But who knows maybe one or two of them may still have some life left. Repairing and rebuilding the park is still something that could be done. Adding a water park is also just a matter of time and money about 20 million to do it right as a start. The whole park can be saved and restored for around 80 to 100 million however there is no will in the City to get it done and less so with investors who look at New Orleans as a place that could go far, but just has to much red tape, crime and government corruption to ever invest in. The New Mayor and Police Chief may help to change the minds of investors, so for now all I can do is keep working to that end, and so I am still here, still working and still holding on to a small hope that a way can be found to save your park.
Failing that I am sure that the park will be torn down, and I will try and build a new park in Mississippi. If that is to be the parks fate then I will ask the City to allow my company to save the rides that can be saved so maybe the Mega Zeph will ride again. Time will tell.
All the Best
Danny
SSAI

Airtime&Gravity wrote:Well, you have to give him credit for not giving up, even though he should have a long time ago.
The New Mayor and Police Chief may help to change the minds of investors, so for now all I can do is keep working to that end, and so I am still here, still working and still holding on to a small hope that a way can be found to save your park.
Failing that I am sure that the park will be torn down, and I will try and build a new park in Mississippi. If that is to be the parks fate then I will ask the City to allow my company to save the rides that can be saved so maybe the Mega Zeph will ride again. Time will tell.
All the Best
Danny
SSAI
) he were to open a new park in Mississippi, the ONLY logical thing that *I* could fathom would be some kind of place similar to Kemah Boardwalk, near one of the more popular gambling riverboat landings. I'm also talking about 3-5 rides, tops. That's about it. Not a bad idea, but not good either. As a few have stated before, Mississippi doesn't scream amusement park, either in population or general demographics.ginzo wrote:Airtime&Gravity wrote:Well, you have to give him credit for not giving up, even though he should have a long time ago.
I'm glad he's still at it. He's so entertaining. I wonder what he'll try next? A hostile takeover of Disney?

ginzo wrote:Airtime&Gravity wrote:Well, you have to give him credit for not giving up, even though he should have a long time ago.
I'm glad he's still at it. He's so entertaining. I wonder what he'll try next? A hostile takeover of Disney?

There is always hope that some one with the money can be found. We (that is Southern Star) are still talking with a few folks who could make this happen. But I will tell you the truth its almost to late. The amount of damage is now reaching a point that the cost to save it will be more then just starting again. To that end we are now working on designing a new park in Mississippi where we do not have all the political problems, red tape and high crime rate to put up with.
Do I still hold hope that a way can be found to save the park YES! But it would take the City to just turn it over now with no conditions (other then us rebuilding it) and the city just lease it to us for a Dollar per paid admission with no less then a 50 year lease. If the City would do that I think we could raise the money to rebuild it. Failing that the park is a wash and its very unlikely to be saved. As no one in the industry wants the park other then us, investors are not interested in taking a chance with New Orleans after seeing what we went through with the City. It would take my company time to get this done and the park would not reopen till maybe 2012 at best. There are people who would back this move but only if the park was handed over as stated.
I have spent the last 3 years of my life doing every thing I could to save your park, far more then anyone else, and it is painful to me to see it go down like this. There are a number of people you can point fingers at but whats the use, nothing ever changes in the City Of New Orleans! I hope that the new Mayor can and will step up and do some thing to save the park, so far he has been to busy with more pressing problems but after the holidays I hope to talk with him about the park.
I and my company are willing to give it one last try as I still think we can save it. We are willing to join with who ever wants to help, failing that we are going to ask permission to remove the remaining rides so that at least they can be saved for future generations to enjoy in Mississippi right next door.
Thanks All
Danny
SSAI

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