Proposal approves public funds for more WTC development options
House Bill 516 envisions a new use for the World Trade Center site, home to a vacant, 33-story tower, among other riverfront upgrades. The proposal originally authorized public financing for demolition...
View ArticleDevelopers see potential in Upper Canal corridor
Casual passersby aren’t likely to see opportunity among the vacant and graffiti-pocked buildings along downtown’s upper Canal Street corridor. But Mayor Mitch Landrieu’s push to relocate City Hall and...
View ArticlePort tenants question Mega Plastics District deal
The Port of New Orleans is offering one of its tenants what amounts to free land if it builds a plastics packaging facility on port property. This has other tenants at the port wondering if the deal is...
View ArticleNew Mega Plastics proposal leaves out incentives
The path for a plastics packaging plant to be built on Port of New Orleans property reopened last week after the company’s chief said it will buy the necessary 40 acres of land without any incentives...
View ArticleMega Plastics expects approval despite questions
A deal to sell 40 acres of Port of New Orleans property and build a plastics packaging facility worth at least $12 million is expected to move forward now that incentives offered to the developer have...
View ArticlePlastics facility hinges on other major projects
The $36.5 million TCI Plastics facility and the 160 direct jobs it will create now hinge on other companies following through with multibillion-dollar expansions in Louisiana.
View ArticleDoomed stone distributors drag NOLA company into lawsuit
The buyers of two stone material distributors say a New Orleans logistics business owner was part of a conspiracy to hide the true value of their acquisition, which went bankrupt shortly after the...
View ArticleChiquita’s search for space fruitless so far
Nearly three months since Chiquita announced plans to move its headquarters from the Port of Gulfport to New Orleans, the company has found nowhere to build and is now in talks with several port...
View ArticleTCI expects to buy MegaPlastics land by next spring
The purchase price could fluctuate, depending on the results of an updated appraisal that is required within 30 days of the transaction to determine whether the price is equivalent to fair market value.
View ArticleMega plastics project remains on schedule amid expansion plans
Even though the scope of the development is likely to grow, the Mega Plastics District project remains on schedule to begin operations in 2018 in order to coincide with Sasol’s $21 billion plan in Lake...
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