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Hornets Bring Investment; Iberville Redevelopment Progresses

Hornets Bring Investment; Iberville Redevelopment Progresses

By Eliza Theiss, Associate Editor The sports industry may soon contribute more to the Crescent City’s economy. New Orleans Saints owner Tom Benson’s purchase of the New Orleans Hornets seems close to being a done deal. WWL-TV reports that the framework of ownership negotiations has the Hornets tied to the Big…

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$15M Destrehan Clinic Planned; Fourth Daughters of Charity Clinic to Open

$15M Destrehan Clinic Planned; Fourth Daughters of Charity Clinic to Open

By Eliza Theiss, Associate Editor St. Charles Parish Hospital is seeking the public’s approval on an April 21 ballot for a $15 million loan intended for several projects, including an after-hours and primary-care clinic in Destrehan and further cardiac-care services at the main facility in Luling. According to a report…

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New Orleans Adolescent Hospital to Sell; $35M Overhaul for John McDonough High

New Orleans Adolescent Hospital to Sell; $35M Overhaul for John McDonough High

By Eliza Theiss, Associate Editor The Children’s Hospital of New Orleans has confirmed plans to buy the dilapidated New Orleans Adolescent Hospital (NOAH) at 210 State St. in Uptown. The Times-Picayune reports an expected selling price of $35 million that will generate much needed funds for the state’s public hospital…

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South Market Slowly Moves Forward

South Market Slowly Moves Forward

By Eliza Theiss, Associate Editor The New Orleans Industrial Development Board is advancing discussions with developer Domain Cos. regarding possible tax abatements for South Market District, the mixed-use project planned near the Loyola Avenue Streetcar line. Domain is requesting a PILOT (or payment in lieu of taxes) of $114,000 a year…

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New Orleans Opens Libraries Worth $34M

New Orleans Opens Libraries Worth $34M

By Eliza Theiss, Associate Editor Five state-of-the-art public libraries worth a combined $34 million are scheduled to open in The Crescent City. This will raise the number of restored Katrina-marred libraries to a total of 10. The facilities are a mix of restored buildings and brand-new facilities featuring green elements,…

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Work Underway on $1.1B University Medical Center

Work Underway on $1.1B University Medical Center

By Eliza Theiss, Associate Editor Pile drivers have started work on the new $1.1 billion University Medical Center that is to replace Katrina-marred Charity Hospital, which hasn’t been in use since 2005. Ground was broken on the 424-bed UMC in April 2011, but work was delayed by several months, thanks to such…

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Texaco Building to Become Low-Income Housing; City to Auction 14 Properties

Texaco Building to Become Low-Income Housing; City to Auction 14 Properties

By Eliza Theiss, Associate Editor The old Texaco building in downtown New Orleans is one step closer to being redeveloped, as the state bond commission has approved financing for a repurposing project. The 17-story building is slated for renovations that will include retail space on the ground floor and 112 low-income…

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$38M Mid-City Market to Begin Construction; Housing Planned for Algiers

$38M Mid-City Market to Begin Construction; Housing Planned for Algiers

By Eliza Theiss, Associate Editor Covington, La.-based Stirling Properties L.L.C. has closed on the land acquisition and financing for Mid-City Market, a $38 million commercial development planned along the North Carrollton Avenue commercial corridor. Work on the 107,713-square-foot retail complex is slated to start in the coming days, with the demolition…

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Bourbon Orleans Hotel Completes Extensive Makeover

Bourbon Orleans Hotel Completes Extensive Makeover

By Amalia Otet, Associate Editor The Bourbon Orleans Hotel has recently gone through an extensive, multimillion-dollar renovation comprising all of the hotel’s 218 luxury guestrooms and 28 distinctive balcony suites. “The substantial improvements to guest rooms and bathrooms have continued the upgrade [...]…

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Six Flags May Become Upscale Mall; Lakefront Airport to Add New Hangars

Six Flags May Become Upscale Mall; Lakefront Airport to Add New Hangars

By Amalia Otet, Associate Editor Proposals for the redevelopment of the Six Flags site have been narrowed down from eight to one: A plan to turn the shuttered amusement park into an upscale outlet mall is still under consideration. The project [...]…

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New Construction Includes Raceway, Diesel Plant; HRI Properties Installs Solar Panels

New Construction Includes Raceway, Diesel Plant; HRI Properties Installs Solar Panels

By Amalia Otet, Associate Editor New Orleans will soon be home to the longest racetrack in North America. The new, $60 million NOLA Motorsports Park–currently under construction–will be located south of the TPC Louisiana Golf Course in Avondale, 14 miles from [...]…

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Texaco Building to Become Mixed-Use Complex

Texaco Building to Become Mixed-Use Complex

By Amalia Otet, Associate Editor The long-vacant Texaco building at 1501 Canal St. is one step closer to being rehabilitated. The Times-Picayune reports that the State Bond Commission has approved the issuance of as much as $22 million in bonds for [...]…

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