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There have been multiple proposals over the last several years, but so far no one has managed to put together a business plan that overcomes the very high cost to rehab this park and still ever have any hope of turning a profit.
My personal- and admittedly very liberal- belief is that an entity such as Six Flags should not legally be able to receive a giant insurance settlement for damage to a property like this, then just decide to walk away with the money and leave a huge mess sitting there for someone else to clean up. But that’s exactly what happened here, and since neither NOLA or Louisiana ever sued their asses off for it, I’m assuming that there’s nothing to be done about it.