Bayou Phoenix has entered into a lease agreement with the New Orleans Redevelopment Authority that would pave the way for the redevelopment of the former site of Six Flags New Orleans. The land will be redeveloped into a multimillion-dollar project that will house a suite-style and a traditional hotel, an indoor and outdoor water park, a water beach lagoon, an indoor and outdoor youth sports complex, a family entertainment center and restaurants. WVUE-TV