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Six Flags offers deal to exit New Orleans.

UPI NewsTrack

| July 02, 2006 | COPYRIGHT 2006 United Press International. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

NEW ORLEANS, July 2 (UPI) -- Six Flags Inc. has offered New Orleans $10 million and 66 acres if the city will let it out of its lease to run its flood-ravaged theme park in the city.

For the moment, New Orleans is saying no deal.

The company is also offering to pay the city 20 percent of its insurance proceeds above $75 million, the Times-Picayune reports. Six Flags New Orleans was devastated during Hurricane Katrina.

Six Flags originally said it hoped to reopen the property. It now says reopening the park doesn't make sense because the park wasn't successful even ...

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