Word: lands
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Dates: during 2000-2009
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...sold or renovated. Sales are up from last year, about 13% in July, by comparison with New Orleans itself, where sales are lagging behind last year - though only by 10%, surprisingly. In the middle-class bastions of Lakeview and New Orleans, houses "stripped to the studs" are going for land value only. "The older generation who had homes for 40 years, retired, saved and thought they would stay forever, have gone on," says Ragan. "There is so much work to do and they can't get out in the heat and do it. You have young medical residents, construction workers...
...million renovation of the Beau Rivage by parent company, MGM Mirage, brings the company's total investment in Biloxi to more than $1 billion, says Nourse. He also credits Mississippi's approval of land-based gaming for helping to green-light their future plans for the area. "Every one's crystal ball here is somewhat cloudy, but with each passing month it's getting a little clearer," says Nourse. "You are seeing more and more interest in Mississippi by the big gaming players. Ultimately, I think it will mean fewer actual casinos in number but larger and more luxurious properties...
...business people are embracing the return of the casinos. More people died on Biloxi's Point during Katrina than at many other place in Mississippi as the storm leveled almost every building. Descendants of many of the early settlers banded together after the storm to sell large chunks of land in order to make more profitable deals with the gaming casinos...
...After the storm, FEMA cleaned up to the refuge's property line - and stopped. Congressman Charles Boustany (R-La.) blames the Stafford Act, which doesn't allow FEMA to work on government land. "We had the Army Corps of engineers and the EPA down there, but they couldn't go on federal property," he says. "You could see where the cleanup work was being done, and 100 yards over, there's horrendous debris and hazardous tanks - and nobody's touching...
...edge of town, Sonny Meaux, 52, is selling fresh-caught crabs and Cokes from a shed sporting a "Holly Beach, Ground Zero for Hurricane Rita" sign. He says there are rumors that high rises are going to be built on the beach. He won't sell his land for less than $5 million. "I figure I'm gonna be the last one standing because of my price," he says. Out in the harbor, fisherman are catching pogies - in an area that has not been fished for 30 years. But a recent oil spill has made it so few want...