The Treasury Department is awarding $3.6 billion dollars in New Markets Tax Credits to revitalize low-income and distressed communities. Five Louisiana organizations are among the recipients, and are getting a total of almost $300 million.
New Orleans Mayor Mitch Landrieu has signed off on a deal that he says will reopen the Saenger Theatre within two years. Plans to reopen the Canal Street landmark seem to have cleared hurdles that have delayed the project.
Mayor Landrieu assembled members in his office of the public-private partnership that he says is putting the Saenger Theatre project back in action.