Is Your Local Six Flags Theme Park Closing Down? Here’s What We Know

Rumors of possible park closures have begun to swirl around several Six Flags locations.

According to The Independent, Six Flags Entertainment Cooperation, the parent company of Six Flags Magic Mountain, is considering closing some of its 42 locations across the United States. Six Flags Entertainment Cooperation was created in July as part of an $8 billion merger deal with Cedar Fair.

According to the outlet, the latest quartile earnings report from the corporation show plans for potential “portfolio optimization,” which may mean shuttering several theme parks across the country.

The company's Project Accelerate promises to complete a "comprehensive review of the portfolio to evaluate the potential divestiture of non-core assets to help reduce leverage," The Independent reports.

This could mean there are some closures on the way for the theme park company. However, Six Flags CEO and president Richard A. Zimmerman says otherwise.

READ MORE: America’s Largest Convenience Store Chain Closing a Whopping 444 Stores

"While extreme weather and other operating disruptions at critical points during the third quarter impacted our financial results, consumer demand for our parks remained strong during normalized operating conditions," Zimmerman said in a statement.

"The strength of our business and considerable demand for our parks was particularly evident over the past five weeks, when attendance was up more than 1 million visits compared to combined legacy Cedar Fair and legacy Six Flags attendance over the same period last year," he added.

Spokesperson Gary Rhoades also shared a statement denying the company has any plans to close its theme parks.

"We have no plans to close parks," Rhoades said in a statement, according to NBC5.

Zimmerman also clarified the purpose of Project Accelerate.

"Four months ago we launched Project Accelerate, a transformational initiative to harmonize our operations and unlock the full potential of the new Six Flags. I’m highly confident that focusing on our core strategic objectives will deliver superior and sustainable value creation over the next several years, enabling us to reach our new target of at least $800 million of annual unlevered pre-tax free cash flow by 2027," he said.

The news comes after it was revealed that the former Six Flags New Orleans location would finally be demolished after being closed since Hurricane Katrina in 2005.