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New Orleans Six Flags bidding process in now the City’s responsibility

The Mayor’s administration will market the property

After months of waiting, the New Orleans Industrial Development Board came to a decision regarding the Six Flags property in New Orleans East: They’re going to let the city handle it.

According to WGNO, the New Orleans Industrial Development Board—the entity over the nearly-forsaken Six Flags property—unanimously voted to reject three proposals to buy the Six Flags site.

In result, the Industrial Development Board said the City is now responsible for marketing and evaluating proposals for the property. In the mean time, the Mayor’s administration will report to the Board for the next year, while the Board retains the right to approve the final proposal of the property.

The Board is also responsible for maintaining upkeep of the property, including security and general maintenance.

NOLA.com reports that the offers ranged from $3.26 million to $4.55 million. In August, the new source said that Six Flags site was appraised at just over $3 million.