Former Six Flags Valued at $3 Million, What Will Happen To The Theme Park?

The Six Flags theme park in New Orleans has been closed for over ten years now and many are asking what will happen to the area. The gigantic theme park is a lot different from what it used to be before hurricane Katrina. Most of theme park was flooded during the hurricane and damages are estimated to be more than $30 million.

The park didn’t open after the storm as it was flooded and destroyed. But most of the rides, theater and playgrounds remain abandoned. The theme park is not exactly in the greatest condition and throughout the years people have visited the place to see what it’s like.

For years, residents have asked about the future of the theme park. But selling something that’s been abandoned for over ten years is not easy. The theme park was recently valued at $3 million, a lot less that it was worth before the hurricane flooded the park and part of the city.

Hurricane Katrina struck on August 29, 2005 and quickly became one of the deadliest hurricanes in the history of the United States. Hurricane Katrina was a category five storm at one point, with winds up to 175 mph.

Residents aren’t very happy with the theme park now that its been closed for eleven years. The theme park is not in the greatest condition with the flood destroying most of it. There are also hundreds of graffiti on the walls and rides.

The theme park is gigantic but it is only valued at $3 million. According to David Wolf, who represents the Industrial Development Board, that is because the estimated value is for the land. The rides and the rest of the parks entertainment was not included in the value because it is mostly destroyed.

Six Flags New OrleansIn April, the city board heard proposals for the abandoned theme park. In the last few years, there have been rumors about a revival project or demolition but the theme park is still there.

From 2000 to 2002, the theme park was called Jazzland. In 2003, it was renamed to Six Flags New Orleans. The park was last opened on August 21, 2005 and according to Six Flags inspectors, 80 percent of the buildings were demolished or damaged beyond repair by the storm. A few of the rides were later removed, refurbished and taken to other Six Flags theme parks.

The abandoned theme park has been used as a film location. Since 2005, there have been a few proposals, including an outlet mall. But the theme park is still there, waiting to be removed or turned into a new theme park.