Real Estate Tax Abatement for Six Flags Nearing Completion
The Rockford market is close to officially welcoming the largest regional theme park company in the world. A partnership agreement with Six Flags Corporation will only be finalized with the Rockford Park District if eleven taxing authorities approve the abatement of real estate taxes on the Magic Waters property. None of the taxing authorities have received property taxes for the last 30 years from the waterpark because the Park District is exempt from real estate taxes. To date, nine taxing authorities, which include Cherry Valley Fire Protection District, the Forest Preserves of Winnebago County, Rockford Airport Authority, Rockford Park District Board, Rock River Water Reclamation District, Rockford Township, Rockford Township Highway Department, Rockford School District, and Winnebago County Board have all approved the abatement.
Cherry Valley Library will vote on Tuesday, November 27, 2018 and Rock Valley College will vote on Tuesday, December 11, 2018. If all vote in favor of the abatement, Six Flags will begin managing the waterpark in 2019.
“We appreciate all the taxing authorities who have supported the abatement and understand all the amazing ways our community will benefit if Six Flags operates Magic Waters Waterpark,” said Rockford Park District Executive Director Jay Sandine. “We expect to see an increase in tourism, which will have a significant economic impact. Our local families will have more to enjoy as Six Flags will make capital investments in the waterpark, which frees up District resources to invest in our communities’ priorities such as parks, playgrounds and youth.”
With only two taxing authorities left to vote and the holidays quickly approaching, Six Flags is beginning to offer a special Season Pass and Membership deal for a limited time during its annual Cyber Sale, which includes Magic Waters Waterpark.
“We are delighted to see the positive progress being made to welcome the Six Flags brand into the greater Rockford area,” said Six Flags Great America Park President Hank Salemi. “As we continue to move through the abatement process with the support from the Rockford community we feel confident to put Magic Waters Season Passes and Memberships on sale, which will include Six Flags Great America and Hurricane Harbor. We want this incredible package to be available for a community that has done so much in supporting our efforts and welcoming us into their home.”
The Cyber Sale is going on now through Monday, November 26 with savings up to 70% off. Gold Season Passes and Memberships include admission to Magic Waters, Six Flags Great America and Hurricane Harbor. Season Pass Holders and Members enjoy benefits like bring-a-friend free tickets and other special events throughout the season.
For more information, visit www.sixflags.com/greatamerica/store/cyber-sale.