Plans have been submitted to New Orleans’ recovery czar, Edward Blakely, to repair and redevelop the site of the derelict Six Flags New Orleans. The Southern Star Amusement Group plans to redevelop the site, but not to own or operate it.

© Six Flags New Orleans Financial Woes:Six Flags New Orleans was the least profitable park in the Six Flags empire.

The park, which was badly flooded following Hurricane Katrina in 2005, was announced to remain closed after the storm. However, in January 2006, construction was seen underway at the park , but it was announced on March 15, 2006 that the park would remain closed for the 2006 season and it was stated on the Six Flags website that it would remain closed for the 2007 season as well.

Initial reports after Katrina stated that the buildings were about 70% damaged and that the Mega Zeph was damaged beyond repair. Later updates stated that the coaster could be repaired, however, many flat rides were destroyed in the flooding.

The Group plans to turn the currently closed park into a “world-class attraction” with several new additions. Among the new additions are a $7 million dollar water park, planned originally by Six Flags, to open in 2009, which is to be part of a $20 million dollar, five-phase development, a campground, and a total of sixty rides; up from the total of thirty-two rides when the park shut its doors. Five new entertainment areas and a new recreational vehicle park are also among the plans.

The park has been closed ever since the damage of Hurricane Katrina in 2005.