ROCKFORD (WREX) — It’s official—Six Flags will operate Magic Waters.
Six Flags received the 11th and final tax abatement approval from Rock Valley College at the Rockford Park District’s board meeting Tuesday night.
Eleven taxing bodies had to approve the tax abatement because Six Flags agreed to lease Magic Waters only if it didn’t have to pay property taxes. Magic Waters did not pay property taxes under the Rockford Park District’s operation.
The lease agreement will officially begin April 1, 2019.
The partnership comes after the Rockford Park District created a master plan on how to close a $1 million budget deficit. The agreement is for 10 years and will allow Six Flags to expand the park. However, the park district must approve all expansions.
“The District will now be able to invest its limited resources into our communities’ priorities for 2019 and beyond such as parks, paths, free family events, and youth,” Rockford Park District Executive Director Jay Sandine said.
When the lease begins, Six Flags Gold Season Passes and Memberships will include Magic Waters.