The last I heard they were closing down the water parks first. 6 Flags MM will be the last to go unless it it purchased by a larger company. ATM Anheuser Busch and the parent company for Cedar Park (the people that own Knott's) have stated extreme interest.
Despite the rumors they have invested WAY too much in to this particular park to consider selling it for real estate. If they do sell it it will go to another theme park entity. IMO the only way it would be sold for real estate is if 6Flags doesnt survive a massive bankruptcy. They are far from that point atm.
--TC
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Tammy through the years...
The beginning, the middle and the GOAL!
THE REASON I HAD GBS HAS ARRIVED!!
Brandon William aka "Nugget" born 3/30/2008 6lbs 11oz of absolute perfection. 
10/27/2005 Dr. Mueller Lap and stuff
488 >> 230-ish. dropping!
"You can take the girl out of the East County but you can never take the East County out of the girl!"
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