Just as a selection committee was meeting on Monday afternoon to supposedly choose between two finalists for the redesign of the Six Flags site, Mayor LaToya Cantrell announced that an agreement had been reached with one of the teams to build a distribution and logistics center at a different location Bayou Phoenix became the only competitor in the field, and the mayor said contract negotiations with the partnership would take place over the next 60 to 90 days. Her proposal is to spend more than $ 100 million on the former amusement park. A warehouse and distribution center would help fund other aspects of their proposal, including a family center for STEM education, a hotel, an indoor water park, and a sports complex. The other finalist, Kiernan West / SHIELD 1, officially withdrew his proposal on September 27, Cantrell said. According to the mayor, the acquisition of another property in east New Orleans has begun. It did not disclose the selected location, but confirmed that the partners will stick to plans to build their own logistics center. Kiernan West is a Denver-based real estate development company. SHIELD 1 is a not for profit that includes retired NFL quarterback Drew Brees and current New Orleans Saints linebacker DeMario Davis as investors. The two local builders in Bayou Phoenix are businessman Troy Henry and contractor Thomas Tubre. Henry is best known as a partner in the convenience store chain Sterling Express as well as two unsuccessful mayoral elections. New to the team is Hillwood Development Corp., a Dallas-based real estate development company owned by Ross Perot Jr. whose father ran for president in 1992. Earlier this year, Bayou Phoenix was voted third among the six proposals to redevelop Six Flags. City’s chief administrative officer Gilbert Montano said Hillwood’s involvement had resolved any concerns about the money side of the proposal.
NEW ORLEANS –
Just as a selection committee was meeting on Monday afternoon to supposedly choose between two finalists for the redesign of the Six Flags site, Mayor LaToya Cantrell announced that an agreement had been reached with one of the teams to build a distribution and logistics center at a different location became.
That left Bayou Phoenix the only competitor in the field, and the mayor said contract negotiations with the partnership would take place over the next 60 to 90 days. Her proposal is to spend more than $ 100 million on the former amusement park. A warehouse and distribution center would help fund other aspects of their proposal, including a family center for STEM education, a hotel, an indoor water park, and a sports complex.
The other finalist, Kiernan West / SHIELD 1, officially withdrew his proposal on September 27, Cantrell said. According to the mayor, the acquisition of another property in east New Orleans has begun. It did not disclose the selected location, but confirmed that the partners will stick to the plans to build their own logistics center.
Kiernan West is a Denver-based real estate development company. SHIELD 1 is a not for profit that includes retired NFL quarterback Drew Brees and current New Orleans Saints linebacker DeMario Davis as investors.
The two local builders in Bayou Phoenix are businessman Troy Henry and contractor Thomas Tubre. Henry is best known as a partner in the Sterling Express supermarket chain and two unsuccessful mayor elections.
New to the team is Hillwood Development Corp., a Dallas-based real estate development company owned by Ross Perot Jr., whose father ran for president in 1992.
Earlier this year, Bayou Phoenix ranked third among six suggestions for redesigning Six Flags, with members of the partnership’s selection committee giving the partnership poor marks for lack of firm funding plans. The city’s chief administrative officer Gilbert Montano said Hillwood’s involvement had allayed any concerns about the money side of the proposal.
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