Word: riverfront
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Dates: during 2000-2009
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...half dozen developers, including Donald Trump, are eying high-rise condo projects downtown that would offer stunning views of the mighty Mississippi. The Port of New Orleans just signed an agreement to open up four miles of riverfront for development, including a one-mile-long park replacing wharves. Nearby, developer Pres Kabacoff's $318 million plan to transform the St. Thomas housing project into River Garden-a mixed-income neighborhood with Creole cottages, Victorian doubles and Greek Revival houses-should get back on track this month. And a few blocks away, KB Home, one of the nation's largest builders...
...however, are clearly hoping hurricane-wary residents will take a look at neighborhoods nearer the city?s original roots-along the waterfront, where there was no flooding. Sean Cummings, executive director of the New Orleans Building Corporation, a public development agency, says the port deal alone would open up riverfront for as much as $1 billion worth of development such as hotels and shops, perhaps performance spaces or a planetarium. "This is a giant step in a city that understands what its core business is-food, music, the riverfront, culture, architecture," says Cummings. A riverfront park, long championed...
...Developing high-rise living on the riverfront-mixed with single-family housing-means the population of pre-Katrina New Orleans could fit on about half the land it covers now, according to Tulane School of Architecture dean Reed Kroloff. He notes that Washington, D.C., quickly turned around its inner core by offering tax incentives and other inducements for people to return. Inner New Orleans is ripe for a similar rebirth: It has the highest number of blighted and derelict houses-over 30,000-that could bring homeowners and developers back to neighborhoods like Treme, a rundown version of Uptown...
...levees are being reconsidered, the schools reimagined, the whole region rethought, with ideas for riverfront parks, light-rail systems and everything short of whirlycopters filling the sky. Some of it may even happen. Not all the plans mesh, and most of them require dollars that may not all materialize, but in a city that has suffered like this one, the power of this wholesale reinventing is a sign of life in itself...
Something else the hurricane may produce is what Nagin predicts will be "the biggest construction boom this country has ever had." While the poorer districts may be languishing, in some areas there are signs the boom may be happening. Deals are popping up around downtown and along the Mississippi riverfront. KB Home, one of the nation's largest home builders, is racing to start up to 10,000 Orleans-style houses just across the parish line, as well as 58 lots downtown. Bruce Karatz, CEO of California-based KB Home, promises that the houses "will have the New Orleans feel...