Six Flags Entertainment Corporation announced Monday it would not be taking sole ownership of the Arlington park.<\/p>\n
ARLINGTON, Texas \u2014 Six Flags Entertainment Corporation announced Monday it will not be exercising its option to buy out the other partners in Six Flags Over Texas<\/a>, meaning it will not become the sole owner of the Arlington amusement park.<\/p>\n The company said in an announcement that, after considering it, it was determined it’s not in Six Flags’ best interest to exercise the option.<\/p>\n \u201cAfter careful consideration of the terms of the partnership agreement and the strategic objectives of the Company, we have determined not to exercise the call option with respect to Six Flags Over Texas,\u201d John Reilly, president and CEO of Six Flags, said in a statement. \u201cThis was a difficult and deliberate decision. Six Flags Over Texas is a foundational park in our system and a prized asset within our portfolio. While the contractual terms do not currently align with our capital allocation priorities, we remain deeply committed to the long\u2011term success of the park and believe it has a bright future as part of the Six Flags portfolio.\u201d<\/p>\n Reilly further said Six Flags will keep constructive discussions with its partners regarding their continued interest in the park.<\/p>\n “In the meantime, our focus remains on driving operational excellence in the park for the benefit of our guests and the Dallas-Fort Worth Metroplex,” Reilly said.<\/p>\n Most recently, Six Flags Over Texas has been working to open Tormenta Rampaging Run<\/a> this year, which is billed as the world\u2019s tallest, fastest and longest dive coaster. The ride will anchor the park\u2019s re-imagined Spain area, Rancho de la Tormenta.<\/p>\n