It seemed like a simple enough question: How much of a $25 million annual federal allocation did Mayor Mitch Landrieu’s administration spend last year to help struggling residents and address blight?
The precise figure is hard to decipher, city officials said. On the one hand, the city spent more than $25 million because of money rolled over from previous years. But it didn’t spend all of its 2011 money, citing project delays.
As they do annually, the feds are letting the money roll into this year, so the city hasn’t lost any funding.
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.