Tagged: development

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.

KENNER, La. (AP) — The city of Kenner is launching efforts to revive its historic Rivertown area.

A farmer's market and outdoor movie nights will start next month as part of the effort to lure more people to the area. And a new company is taking over the area's performing arts theaters.

Mayor Mike Yenni's vision for the historic area is for a vibrant area that doesn't require a government subsidy, according to The Times-Picayune (http://bit.ly/I9diix ).

City officials and business leaders are celebrating the start of a shopping development in the heart of New Orleans. City leaders say the Mid-City Market will affect the entire city.

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.