New Orleans, La. – Nagin says the deal calls for Southern Star of Baton Rouge to sell $100 million dollars in Gulf Opportunity bonds and use private financing to reopen the park with a Nickelodeon theme.
Southern Star founder Danny Rogers says even in these tough times, he's optimistic.
The 65-acre site was used as Jazzland park, and then by Six Flags, which is now in bankruptcy. The park itself has been closed since Hurricane Katrina. Nickelodeon lends its brand to the venture, and its marketing reach that extends to 99 million households in the United States. Southern Star says the new park will be expanded to include water attractions - and lots of shade.