Why, look, it’s coming around again:
Six Flags Entertainment Corp. has struck an agreement to acquire lease rights to Oklahoma City’s Frontier City and White Water Bay, the Texas company said Tuesday.
Frontier City and White Water Bay, as well as the three other out-of-state parks acquired by Six Flags, are operated by Premier Parks LLC of Oklahoma City. The deal returns the two local parks to Six Flags, which controlled them more than a decade ago.
In 1989, two amusement industry executives started Premier Parks in Oklahoma City with the acquisition of Frontier City, followed by White Water Bay in 1991. The success of those parks ignited Premier Parks’ growth and led to the acquisition of Six Flags Theme Parks in 1998.
Child devours parent.
In 2007, Florida-based CNL Income Properties Inc. bought the two Oklahoma City parks and five others from former owners Six Flags Inc. for $312 million.
Six Flags itself went up for sale in 2005; at the time, the largest single shareholder was Red Zone LLC, owned by Washington Redskins owner Dan Snyder.
Regrets (I’ve Had A Few) Dept.: I have never actually been to White Water Bay. Officially, this is because I am a mediocre swimmer at best. Back in the early 1990s, I admitted to someone that I thought swimsuits were silly.
She gave me a “You didn’t know?” look. WWB, she said, had one late-night session each summer in which swimsuits were deemed, um, unnecessary. I never did find out for sure.