Rethinking the World Trade Center Building Transaction

• Bureau of Governmental Research

Overview

Rethinking the World Trade Center Building Transaction 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.