BALTIMORE -- Six Flags Corp. has given up on the Power Plant entertainment complex at Baltimore's Inner Harbor and has decided to sell its interest in the money-losing project.
"It just didn't work, and the new owners of Six Flags have decided they would like to see whether there's someone else in the country who could come up with a better idea," said Albert M. Copp, president of the Charles Center Inner Harbor Management Corp.
An ad in Friday's Wall Street Journal billed the complex as "the East Coast's Best Waterfront Location ... within a day's drive of 16 million people."
CCIH leases the Power Plant property to Six Flags Power Plant Inc. on behalf of the City of Baltimore, which owns the property.
Six Flags Power Plant Inc. is owned by the Six Flags Corp. of Chicago, which was sold last spring by the Bally Corp. to WESRAY, a New Jersey holding company.
Copp said potential buyers have already expressed some interest, but he declined to provide details.
The city is looking for someone who will turn the property into a "primary destination, daytime attraction" on a par with the National Aquarium, said David Rosenwasser, vice president and general manager of Six Flags Power Plant Inc.
Six Flags Power Plant invested more than $30 million to transform the former electric and steam plant into what it called an "urban theme park." The complex of high-tech special effects attractions and pseudo-Victorian carnival sideshows operated for two summer seasons but never caught on and consistently lost mone