Nickelodeon to open park in New Orleans

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Nickelodeon to open park in New Orleans
August 19, 2009
Associated Press
2theadvocate.com

NEW ORLEANS (AP) — New Orleans Mayor Ray Nagin says the old Six Flags site in eastern New Orleans will reopen under a deal involving Southern Star Amusements and the parent company of the Nickelodeon network.

The Six Flags site has been closed since Hurricane Katrina.

The New Orleans Industrial Development Board is expected to hear a proposal Tuesday from Southern Star developer Danny Rogers, who will ask the board to approve up to $100 million in Gulf Opportunity Zone bonds, which he says is only part of the financing package that includes private investment.

The Louisiana Bond Commission must also approve Southern Star's request for GO Zone financing.