A government watchdog group says New Orleans should sell the World Trade Center that sits empty by the Mississippi River.
The city had reached a tentative lease agreement last year with Gatehouse Capital Corporation to redevelop the old high rise. But negotiations broke off in April, ending plans for the building being converted into a luxury hotel and residential complex.
The Bureau of Governmental Research noted yesterday that it was the third time redevelopment efforts failed.
Louisiana exports grew by 9.3 percent to $32.1 billion during the first half of the year. That's according to figures from the World Trade Center of New Orleans.
The export growth — fueled by agriculture and oil and gas goods — enabled Louisiana to remain in sixth place among all of the states, U.S. territories and the District of Columbia. Louisiana accounted for 3.6 percent of the $804 billion in total U.S. exports through midyear.
Click here to listen to Paul Fabry share the most important lesson from his life.
In any American city you can discover people whose lives have accomplished extraordinary things. Some have highly recognizable names, while others do not.
On this week’s Notes from New Orleans, Sharon Litwin begins the first of an occasional series, Lessons from Their Lives. This week: a 94-year old businessman named Paul Fabry, who helped establish a network of World Trade Centers across the globe.
A city committee meets at 3 p.m. today to evaluate proposals for one of the most valuable pieces of real estate in New Orleans. Three developers are vying for the World Trade Center site. Two would renovate the blocky 1960s office tower, and a third would demolish it in favor of a giant funnel-shaped sculpture, or some other tourist attraction.
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.
In an attempt to put of the city's most valuable pieces of real estate back into commerce, New Orleans officials are preparing to solicit proposals for redeveloping the World Trade Center site at the foot of Canal Street.
The Times-Picayunereports the proposals can call for either demolishing or renovating the vacant office tower.