PLAZA TOWER
From CityBusiness
Developers go silent on Plaza Tower deal
Posted:
NEW ORLEANS - In 2005, plans were unveiled to convert the leaky, asbestos-riddled Plaza Tower at 1001 Howard Ave. into condos.
City officials say it’s been months since they’ve heard from project developers. “I haven’t heard anything lately. It’s been awhile,” said Yolanda Rodriguez, executive director of the City Planning Commission.
City officials say the last time they heard any news about the project was late last summer when developers went before the City Council to request use of the building’s property taxes to pay for half of a $27-million remediation. But two weeks later, the developers decided the property tax route wouldn’t generate enough money to make it worthwhile. Repeated calls to speak to developers were not returned.
The Louisiana Department of Environmental Quality said the last time it heard from anyone associated with the project was Dec. 13, when Tracey Dodd of U.S. Risk Management gave DEQ a 68-page remediation report, including environmental test results.
DEQ scientist Duane Wilson said the agency granted the Plaza developers brownfield certification around Jan. 1. The federal program provides developers with tax credits for remediating properties containing hazardous substances. “The site has asbestos in it. You got broken windows and there is a potential for release to the environment,” Wilson said.
Larry Hollier, chancellor of LSU Health Sciences Center, said he has not heard anything on the building for several months.
Hollier said he spoke earlier in the year to Plaza developers about possibly putting health care services in the building, such as an assisted living or nursing home facility. "Somebody had approached us about possible health care in there, but I don't know anything more about it," he said.
Councilwoman Stacy Head, whose district includes the building, said she has heard “nada.”
“My guess is that developers are redrafting their plans,” Head said.•
JPK, in the future, please do not post entire articles. Instead, please just post the title and a link to the article, along with a shot quote if you like. Thank you very much! -NCB