There is a 212-acre amusement park called Six Flags Over Texas in Arlington, Texas area, which is located east of Fort Worth and west of Dallas. It has themed areas and attractions, and is the first of the Six Flags amusement parks. Angus G. Wynne, Jr., a real estate entrepreneur, put $10 million into the park’s development and opening in August 1961.
Six Flags Entertainment Corp., which owns 54% of the Texas Limited Partnership that operates the park, is responsible for its management. In 1969, Dallas entrepreneur Jack Knox and his private-equity and asset-management organization, Six Flags Over Texas Fund, Ltd, acquired the theme park. Several park management firms eventually bought into the fund after exercising their options to do so. The remaining 46% will become available for purchase by Six Flags Entertainment in 2028. Time Warner Entertainment took over theme park management in 1991. Time Warner sold its stake in the Six Flags parks to Oklahoma City’s Premier Parks in 1998; Premier Parks is now known as Six Flags Theme Parks, Inc.
Angus G. Wynne, Jr., a wealthy real estate developer, decided Texas needed a theme park like Disneyland after visiting the California attraction soon after it opened. In 1959, Wynne and the Great Southwest Corporation secured funding from a group of New York City investors and began making plans for such a community. In August of 1960, work began on the park’s infrastructure. Texas has been ruled by Mexico, France, Spain, the United States, the Republic of Texas, and the Confederate States of America, hence the term “Six Flags Over Texas.”
In honor of their 50th anniversary, Six Flags Over Texas revamped Texas Giant into the world’s first I-Box roller coaster track. The positive response to the transformation encouraged the manufacturer to roll out the new technology globally. Six Flags started a company-wide initiative to remove licensed theming from attractions at all of its amusement parks around this time. Six Flags Over Texas, for instance, rebranded Tony Hawk’s Big Spin as Pandemonium after a lawsuit. In 2020, the park launched its first ever year-round schedule of operations. Six Flags Over Texas’s seasons used to last from March until the end of the year prior to 2020.
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