was announced that Premier Parks would purchase the Six Flags chain from Time Warner for $1.9 billion and change its name to Six Flags, Inc. The world headquarters for Six Flags was located at the southeast corner of the park's property until 2006, when the company's offices were moved to New York City and Grand Prairie, Texas. On January 27, 2006, Six Flags put Frontier City and White Water Bay, Six Flags Magic Mountain, Elitch Gardens, Darien Lake, a couple of water parks and Wild Waves/Enchanted Village for sale. At the same time, they also announced their plan to close its corporate offices in Oklahoma City and move to New York City and Grand Prairie, Texas. Mark Shapiro, Six Flags CEO at that time, said that he expected the parks to continue operation after the sale, but rumors surfaced that some of them could close. The announcement also created a lot of confusion in the Oklahoma City market. Many people misunderstood the announcement, instead thinking that Frontier City was shutting down and relocating to New York. CNL Properties and PARC Management era (2007–2010) On January 11, 2007, Six Flags opted to keep Magic Mountain, but then announced that it would sell Frontier City and White Water Bay, along with Elitch Gardens, Darien Lake, Splashtown (near Houston) and Wild Waves/Enchanted Village to PARC 7F-Operations. As a part of the deal, the Six Flags prefix was removed from Elitch Gardens and Darien Lake. Frontier City and White Water Bay were never branded as Six Flags parks. PARC sold them to CNL Income Properties, Inc. and the two companies set up a long-term agreement in which CNL would lease the parks to PARC, which would operate them. In 2008, a new suspended roller coaster, Steel Lasso, was added to celebrate the park's 50th anniversary. On November 24, 2010, CNL Lifestyle Properties, Inc. announced that it had reached an agreement to terminate PARC's lease of the park and up to 17 other locations due to PARC defaulting on its contractual lease and loan obligations. The move came after, according to their 2010 SEC filings, PARC defaulted on their lease obligations on the properties. Five of the original six parks originally purchased from Six Flags are also involved in the lease termination. Premier Parks, LLC era (2011–2016) In 2011, it was announced that as the result of an agreement with owner CNL Lifestyle Properties, former