This sounds unlikely, particularly given the suggestion of it opening this year, and as it stands it doesn't take a lot of effort to further discredit the rumour.
Where's the planning application?
With thanks to Rob for his excellent article about planning restrictions at Towers, something I confess to not knowing much about:
- Ryedale District Council’s Development Plan doesn't seem to indicate that Flamingo Land have any general permitted development rights that might present a means of adding a coaster without seeking planning permission. Indeed, their site's planning section shows a large number of planning applications, including one to move the Corkscrew in 1999. Having first visited the park in 2010, I've no idea whether that location is the same as where Corkscrew was when it was sold, but if so and that's where this coaster is supposedly going to go, it suggests that the location has no GDPO coverage in place.
- If we assume that this layout would be the same as Altair, Cinecitta World's updated Colossus layout 10-inversion coaster, it'll be 33m tall. Colossus is 30m tall. Even if GDPO rights were in place, they only cover developments up to 25m tall. I can't imagine FL digging a hole to get this in under that limit. A planning application would be needed anyway.
- The 2002 Ryedale Local Plan's policy TM6 specifically mentions developments at FL, saying that they, "will be permitted provided that the proposals:-
(iii) Would not result in a detrimental impact on road safety, the free flow of traffic on the highway network, or would require changes to the road network which would have a material adverse effect upon the character of the area and where sufficient off-road vehicle parking can be provided;
(iv) Would not have a material adverse impact on the amenities of existing residents;
(v) Would not have a material adverse impact on the character and appearance of any Conservation Area, site of nature conservation value, archaeological or historic importance, or on any Historic Park and Garden;
...
(vii) Would, in the case of Flamingoland, be located within the Development Limits shown on Inset Map No 49 of the Proposals Map and would not have a material adverse effect on long-distance views across the Vale of Pickering. Such proposals must also comply with Criteria (iii), (iv) and (v) above;"
In short, to get planning approval all of the issues that might result from a tall new coaster opening at the park need to be considered; increased traffic from more visitors being drawn by the new ride, views being spoilt by the height of the structure etc. The park will know what it needs to do to keep the council and residents sweet, and if it wants this ride will talk to the planning folks about it beforehand (like Towers do with their developments) to see whether it even has a cat in hell's chance of approval before they bother with an application.
Unless a planning application rears its head, this rumour ought to be treated as bull excrement.