Bayou Phoenix, the private developer leading the transformation of the former Six Flags site in New Orleans East, is making strides in securing a portion of the city’s infrastructure bond. The developer disclosed ongoing efforts to secure financing, aiming for at least $5 million from the $510 million bond approved by voters last November.
On June 5, 2026, Troy Henry, founder of Bayou Phoenix, confirmed that the project is still in the fundraising phase. The budget for the development stands at approximately $500 million, split into $439 million in private funding and $61 million in anticipated public funds. Henry expects to partner with a bank and aims to secure a $300 million tranche by September or October.
The redevelopment of the 227-acre site at the former Six Flags location represents a significant private sector initiative aimed at revitalizing New Orleans East. Its projected impact includes 2.5 million visitors annually and a $3 billion economic boost, according to developer projections.
If successful, the project will reshape the real estate and economic landscape of New Orleans East. It will also involve a mix of private financing and public support, raising important questions about the terms of these deals and how they might affect future proceedings.
The project, dependent on securing the necessary funds and tenants, will have implications for local markets, including hospitality, retail, and workforce development. As financing efforts continue, the anticipated allocation from the city could play a crucial role in advancing this transformative redevelopment effort.
Isidore Newman School Secures $11.8M Permit for Jefferson Building Restoration in Uptown Next Post:
about the author: CSB Staff
