The opportunity for Six Flags to begin managing the Magic Waters Waterpark in 2019 got a step closer Tuesday night.
In October, the Cherry Valley Board of Commissioners approved a lease agreement with Six Flags for the lease and operation of the Cherry Valley waterpark for 10 years, with three 10-year options to renew.
Before the agreement can go into effect, 11 taxing authorities must agree to the abatement of real estate taxes on the property.
Last night, the Cherry Valley Library Board unanimously voted for the agreement.
The agreement now rests on one further taxing body, which is Rock Valley College.
Cherry Valley Fire Protection District, Forest Preserves of Winnebago County, Greater Rockford Airport Authority, Rock River Water Reclamation District, Rockford Park District, Rockford School District, Rockford Township Highway Department, Rockford Township, and Winnebago County have already approved the agreement.
Six Flags Entertainment Corporation is the world’s largest regional theme park company and the largest operator of waterparks in North America, with $1.4 billion in revenue and 25 parks across the United States, Mexico, and Canada.