Nickelodeon New Orleans theme park misses key deadline
Written by Robert Niles
The developers of the proposed Nickelodeon theme park at the old Six Flags New Orleans site missed their deadline this week to put up half a million dollars in "good faith" money to apply for $100 million in government bonds that the project needs to go forward.Tweet
The New Orleans Times-Picayune has the report: Southern Star Amusement Co. had until Monday to put the cash in an escrow account, but didn't. So the bond application is off the table, as is the project.
Company officials say that they are raising the needed cash, and plan to be back before the state bond commission on Nov. 18, to reapply for the state aid.
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