Empty WTC Tower Sits on Prime Site

Jan 15, 2013

The city of New Orleans is seeking developers to revive the property where an empty office tower sits on the banks of the Mississippi River. And officials are being careful not to limit the ways in which the valuable real estate can be used.

The 33-story World Trade Center building could be torn down or renovated.

The building, or its replacement, could be office space, hotel rooms, retail outlets, residences or something out of the ordinary. One local economic development expert envisions something new and symbolic of the city — something like the revenue-producing Ferris wheel in London, known as the London Eye.

The public gets a better idea of what will become of the property in early April. That's when bids for redevelopment are to be opened.