Throwback: Jazzland opens in New Orleans in 2000

• The park flooded during Hurricane Katrina in 2005 and never reopened. It's now a popular destination for film crews.

What's next: Development company Bayou Phoenix signed a lease for the property last year.

• The master plan calls for a $500 million complex with sports fields, waterparks, hotels, restaurants and shops.

Go deeper to learn more about the redevelopment plans.