Henry Consulting Wins Six Flags Redevelopment Plan

Troy Henry in New Orleans on Sept. 23, 2017. Advocate Staff photo by SOPHIA GERMER

Data News Weekly Staff Edited Report

BAYOU PHOENIX – Expanded Development Project Plan
BAYOU PHOENIX TEAM Henry Consulting is a New Orleans-based management consulting firm and one of the largest Black-owned companies in Louisiana. Founded in 2001, by New Orleans East native and resident, Troy Henry. With over 200 direct and indirect employees, the company generates an average of $25 million dollars in annual revenue.

Bayou Phoenix LLC is the development group that won the city’s approval to redevelop the abandoned Six Flags site in New Orleans East.

The company beat out a rival group backed by Drew Brees.

The site is 227 acres near the intersection of Interstate 10 and Interstate 510. It’s owned by the nonprofit corporation Industrial Development Board, which was created by the New Orleans City Council in 1972.

Six Flags has been closed since Hurricane Katrina swamped the area 16 years ago. However, it is a popular location for film crews and urban explorers.

Here’s what we know about Bayou Phoenix.

Bayou Phoenix is a partnership with:
• Troy Henry, founder of Henry Consulting
• Thomas Tubre and Michael Tubre, construction contractor TKTMJ Inc.
• Dallas-based Hillwood Development Co. LLC.
What are the plans for the old Six Flags site?
Bayou Phoenix is planning to build a 1 million-square-foot warehouse and logistics hub on the site of the former amusement park, coupled with a “family education” facility that will be operated by local nonprofit STEM NOLA.
In later phases of the project, the group said it plans to add an indoor water park, a 200-room hotel, an e-sports arena, and an athletic complex.

What’s the timeline for the project?

Bayou Phoenix estimates that the first phase of its project, consisting of the warehouse and STEM center, will cost about $100 million and take two years to complete.

While the group offered assurances that it could privately finance the first phase, it didn’t detail who might serve as its primary tenants.

A member of the city’s selection committee, Courtney Stuckwisch-Long, noted that Bayou Phoenix’s most recent proposal did not include any benchmarks within the two-year Phase 1 construction timeframe, nor any details underlying its hard cost estimate.
Mayor LaToya Cantrell said additional details about Bayou Phoenix’s plans for the Six Flags site would be available once a cooperative endeavor agreement between the group and the city is finalized. Negotiations are expected to be completed and a deal signed within three months.

Staff writer Jessica Williams contributed to this story. bing.com/news

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