Six Flags Is One Step Closer to Officially Taking Over Magic Waters
On Tuesday night the Rockford Park District Board of Commissioners approved the real estate tax abatement that is part of the agreement for Six Flags Entertainment Company to take over operations of Magic Waters.
Don't start doing your happy dance about this forward step for Rockford just yet though, there are still several more steps that need to happen before the partnership is official...eleven more steps to be exact.
According to a Rockford Park District press release;
To make the partnership opportunity official, 11 taxing authorities must agree to the abatement of real estate taxes on the property. Those taxing authorities include: Cherry Valley Fire Protection District,
Cherry Valley Library, Forest Preserves of Winnebago County, Greater Rockford Airport Authority,
Rock River Water Reclamation District, Rock Valley College, Rockford Park District, Rockford School District, Rockford Township Highway Department, Rockford Township, and Winnebago County. “This is an opportunity to have the top amusement park company right in our backyard but its 100% contingent upon the real estate tax abatement. For the past 30 years, none of the taxing authorities have received property taxes from the waterpark because the Park District is exempt from real estate taxes. A vote to support the tax abatement is a vote for the continued momentum of our community,” said Rockford Park District Executive Director Jay Sandine.
Six Flags is hoping to take over control of Magic Waters by the summer of 2019, so hopefully a whole bunch of "yes" votes will be coming in the next few weeks.