Developers and New Orleans officials have made a breakthrough in talks over the former Six Flags amusement park, more than a year after Mayor LaToya Cantrell’s administration selected Bayou Phoenix to build a water park, hotel and sports complex with retail and other amenities. That is welcome news for New Orleans East residents, after the deal looked close to dead late last year.
People involved in the deal said the parties have agreed on the terms of a development pact establishing the relationship between Bayou Phoenix and the New Orleans Redevelopment Authority, which is to serve as landlord. Once that agreement is signed, Bayou Phoenix is expected to seek the authority’s approval for a master plan, and a separate lease agreement would follow.
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