Charlotte is losing a Fortune 1000 headquarters. Six Flags Entertainment Corporation announced Tuesday, Aug. 25, that it will move its corporate offices from its Ballantyne Corporate Park location to Arlington, Texas, by March 2027, taking roughly 100 jobs with it.

The departure comes just two years after Six Flags established its Charlotte headquarters at 8701 Red Oak Blvd. following its 2024 merger with Cedar Fair, according to QC News.

Six Flags spokesperson Kristin Fitzgerald told cleveland.com that 114 corporate employees currently work in Charlotte and approximately 100 positions will move to Texas, including president and CEO John Reilly and the executive leadership team. The company said "many" Charlotte employees will have the opportunity to relocate.

The reason? Charlotte officials declined to offer business incentives to keep the company, while Arlington did.

"We explored available economic development incentives with Charlotte officials as part of our site evaluation process," Fitzgerald said. "Although they declined to offer incentives that would support our continued operation in Charlotte, we appreciated their engagement and consideration."

The new headquarters will be at Choctaw Stadium, the former home of the Texas Rangers, adjacent to Six Flags Over Texas. Part of the company's corporate workforce has operated from that Arlington location since 2020. Six Flags has five parks in Texas.

Reilly said in an Aug. 25 news release that concentrating personnel and decision-making in Arlington "is the best path forward for the Company" after what he called an extensive review. He described the Dallas-Fort Worth region as "an ideal home" for the headquarters.

For Ballantyne-area residents, the most immediate question is what happens to Carowinds. Six Flags said it will remain a major employer in the Charlotte area through continued investment in Carowinds and the adjoining Carolina Harbor water park. The park, led by president Bridgette Bywater, is preparing to open a new attraction called Rip Roarin' Falls in 2027.

The final headcount impact in Charlotte remains unclear. Fitzgerald said the company is "still working through the final organizational design," meaning some positions could be eliminated rather than relocated.

The move is part of broader restructuring at Six Flags. In March 2026, the company announced a $331 million deal to sell seven parks to Kansas City-based EPR Properties to pay down debt. The company still operates 34 parks and nine resorts across North America.

No Charlotte official has commented publicly on the departure. Six Flags has not announced a specific date for closing its Red Oak Boulevard office beyond the March 2027 target.