CoasterNews.Net

The Texas Giant will be going through extensive rehabilitation in 2010 for the park's 50th anniversary. The rehabilitation will include new trains and major track work to smooth out the ride. Mark Shapiro also announced that SFOT will receive a major new attraction in 2011 as will every Six Flags park. Article here: http://www.star-telegram.com/local/story/1260267.html

They won't declare bankruptcy until they absolutely have to. They are looking at giving current bond holders 85% of the company, 10% goes to PIERS holders, and the other 5% goes to common stock holders. There is only 1 large bond holder that refuses to talk but everyone else is basically on board for the debt-to-equity exchange because Six Flags has turned it around. They had positive cash flow for the first time EVER last year even with the crappy economy. Check out these articles: http://washington.bizjournals.com/washington/stories/2009/03/16/daily10.html http://www.coasternews.net/2009/03/15/six-flags-bankruptcy-and-you/ http://www.nytimes.com/2009/03/14/business/14flags.html?_r=3&scp=2&sq=Six%20Flags&st=cse

I drove over to the construction site today and snapped a few pics. Check them out here: Cowabunga Bay Construction Photos

Six Flags has released their operating results for 2008: Check out the full release here: http://sev.prnewswire.com/null/20090310/NY8110610032009-1.html

There is a new update over at RCPro.

Some new photos are up at Orlando Rocks.

Quite possible on the hurricane front, it is Florida, and you can't blame a park for wanting its shiny expensive new ride to survive those storms.

I think this is so cool since I live about 10 minutes away from where this is going in. It's awesome seeing a kind of behind the scenes look at how this is going in and I hope to see some more updates or else I'm coming and taking pictures of my own!