Mar 13, 2013 8:24 AM by AP
NEW ORLEANS (AP) - An executive with the company that owns the Riverwalk Marketplace says it won't join city-selected developers to turn the former Six Flags theme park into an upscale outlet mall.
The rejection came when David Garcia, who represents the business chosen to develop the Six Flags site, publicly called on Riverwalk owner Howard Hughes Corp. to work with his group to save the plan.
Garcia then told New Orleans' Industrial Development Board on Tuesday that the market cannot support both proposals.
Howard Hughes Corp. owns the Riverwalk and is turning it into an outlet mall.
Hughes Corp. senior vice president Mark Bulmash says 55 percent of the Riverwalk property planned for the outlet mall is leased to retailers and another 25 percent is awaiting signatures.
Information from: New Orleans CityBusiness, http://www.neworleanscitybusiness.com