Remember the whole "new city hall, jazz museum, and other developments" thing a couple months ago? Turns out it isn't happening. Not only that, but the developers of this project never even got an agreement to purchase the buildings where this was going to happen. It seems the big announcement and following press releases were a little premature.
What's going to happen to this site? It's being turned in to condos.
In July, negotiations between the two ended and Hertz said he was pursuing demolition of the three-story mall and the conversion of the tower into condos.
Even though it seems the whole thing is doomed, I found the following pretty funny.
A unique part of Mayne's plan is for Poydras Street to become a tunnel under the park. A two-story underground garage would be built, as would an underground 280,000-square-foot retail center.
Hmmm, seems to me like this might not be the smartest or most cost effective way to do things in a city below sea level. Maybe Nagin thinks this would be a good place for everyone to park their cars so they can take buses to evacuate if another storm comes. Trust us...they will be safe there.