NewsParcs is an online trade publication dedicated to theme park industry professionals worldwide.
Since 1998, we work in direct contact with manufacturers, suppliers, consultants, owners and operators to publish only reliable and relevant information.
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Queue of worthy suitors to redevelop Six Flags New
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.
"It's not a low-risk decision, and it's not one that would draw many bidders," Wade Ragas, professor emeritus of finance at University of New Orleans and president of the firm Real Property Associates, said of the way potential developers likely evaluated the site. "This is still a very risky site. This is not a slam dunk."
The city committee assembled to determine the immediate future of the property, which has been neglected for more than six years, swiftly cut six of the redevelopment proposals it received -- narrowing the field from eight to two -- through a request for proposals, or RFP, process.
Many of the excluded projects didn't demonstrate the financial wherewithal to be able to carry out their projects, committee members said, even if some of the ideas were good.
These past three years have been intense for NewsParcs. Our magazine, which has been dedicated to the global theme parks industry since 1998, underwent major changes to become one of the most appreciated magazines among many...
CORPORATE | NewsParcs - Published on January 28, 2014
Our Theme Park Supplier's News of the Week is a round-up of the latest news relative to companies supplying the theme park industry around the world. This weekly report covers topics such as corporate announcements, financial ...
The NewsParcs' Theme Park Supplier's News of the Week is a round-up of the latest news relative to companies supplying the theme park industry around the world. This weekly report covers topics such as corporate announcements, ...
Our Industry Roundup is a summary of the latest major news related to the theme park industry worldwide. We report news specifically on operators, owners, trade associations and related organizations, including trends, attendance...