"Phase II" entailed adding a water park and future expansion phases included adding a youth sports complex, an on-site hotel/resort and a movie studio/backlot that would cater to the needs of various production companies filming in the New Orleans area. Plans also included developing an entertainment and shopping district within the park. These plans entailed utilizing all of the site of which only were to be developed and occupied by the remains of the Six Flags New Orleans park. The Letter of Intent from Southern Star set out a lease agreement between the city and the company stating Southern Star's proposed terms of the lease and its intent for utilizing and restoring the area. The company would enter a 75-year lease and take on the property in its current condition. Southern Star planned to take possession of the property prior to the establishment of the lease in order to provide preliminary security and repair/cleanup services. The lease would not have taken effect until Southern Star had taken possession of the property, started the cleanup process and provided proof of funding to the city. After that, the city had 15 days to execute its end of the agreement. Any and all improvements made would belong to the company and the lease would end in the year 2018. The plans never came to fruition, however. In August 2011, the city of New Orleans called for proposals for redevelopment ideas for the site. Eight entrepreneurs stepped forward to suggest turning the property into a power plant, a theme park, or even an outlet mall. On November 29, 2011, the city of New Orleans chose two of the proposed projects: an outlet mall and a green theme park. On February 6, 2012, it was reported that the selection committee rejected the plan for the site of Six Flags New Orleans to become a theme park, leaving the upscale outlet mall as the only proposal being considered by the committee. Despite the committee's actions, one of the original eight entrepreneurs continued to try to get public support for their Jazzland Park proposal, which includes the addition of a water park and movie studio back lot. On March 6, 2012, the city of New Orleans gave the green light to build Jazzland Outlet Mall to Provident Realty Advisors and DAG Development. The proposal was for a upscale outlet mall and entertainment boardwalk on the former theme park site, costing $40 million for part of Phase One and using some of the existing rides from the theme park. Construction would have taken between three and four years. During the planned period of due diligence and pre-construction, in March 2013 the development plans were abruptly called off.