As posted on Theme Park Review's forums
Six Flags to close Houston's AstroWorld
Monday September 12, 6:01 pm ET
SAN FRANCISCO (Reuters) - Aiming to take advantage of rising real estate values in Houston, Six Flags Inc. (NYSE:PKS - News). said on Monday it would close its AstroWorld theme park in the city at the end of the 2005 season and had engaged Cushman & Wakefield to market the 109-acre site.
Six Flags said in a statement the sale would be subject to the approval of its bank lenders and proceeds would be used for debt reduction and general corporate purposes.
Six Flags said 119 permanent jobs would be lost as a result of the closure and a number of AstroWorld employees likely would be offered jobs at other company theme parks.