Reports › World Trade Center

Today the Bureau of Governmental Research releases Rethinking the World Trade Center Building Transaction. The report reviews the New Orleans Building Corporation’s approach to redeveloping the World Trade Center tower and parking garage in downtown New Orleans. For more than 10 years, the city has unsuccessfully pursued redevelopment in partnership with the master tenant of the buildings. BGR recommends that the city abandon that approach, and instead seek to buy out the master tenant and sell the buildings.

BGR has sent a letter to members of the New Orleans City Council expressing concerns about certain aspects of the proposed redevelopment of the World Trade Center property downtown (6/19/08).

In a ground-breaking report, BGR tests the City’s claims of economic benefits in the World Trade Center hotel conversion. The report digs deep beneath the surface to unearth the fiscal imprudence of the lease deal for the City.