Hoping to end persistent rumors that Six Flags California will close and be replaced by more of the housing tracts that climb Valencia's hillsides, top brass talked Thursday about expansion plans for 2008, Daily Breeze reports.
The $14 million plans touch both ends of the spectrum with a new kiddie area called Thomas Town under construction and a face-lift for the thriller coaster X, closed last year for transformation as X2: Xtreme to the Second Power.
"Once and for all, people will realize we're not selling the park today, we're not selling the park tomorrow," said Mark Shapiro, CEO of New York-based Six Flags.
Shapiro was in town Thursday and joined by Jay Thomas, president of the California properties, Magic Mountain and Hurricane Harbor, and General Manager Tim Burkhardt.
The mini-press conference came a year and a half after Six Flags announced a plan to clear $2 billion in debt by selling several properties nationwide, including the Valencia parks.
Some investors eyed Magic Mountain as more valuable as real estate in a fast-developing area - but thoughts of tearing down the park to build housing or shopping centers ended when Six Flags decided to keep it and add upgrades.
For reprint and licensing requests for this article, CLICK HERE.