Nickelodeon ends licensing agreement for N.O. amusement park

The Nickelodeon cable television network says it has ended its relationship with a new Louisiana company it partnered with in August to redevelop the abandoned Six Flags amusement park in New Orleans East. Nickelodeon said it ended its licensing agreement with Southern Star Amusement because Southern Star failed to meet important contractual requirements and deadlines. Southern Star Amusement Founder and President Danny Rogers told the Times-Picayune that Nickelodeon had imposed an unrealistic time line on the company for raising money, given the dour economic climate and the fact that Six Flags, the park’s previous operator, is still winding its way through bankruptcy court. Rogers says Southern Star is going ahead with plans to re-open Six Flags and may appear before the State Bond Commission later this year. “Nickelodeon, it would have been nice to have them aboard, but at the same time the project stands on its own merits,” Rogers told the newspaper. For its part, Nickelodeon says New Orleans remains a viable location a theme park and indicated it may be willing to lend its name to another company that wanted to redevelop the Six Flags site. Read the full story here.