Remember the ambitious Trade District development planned for the 47 acres of vacant land on the Mississippi riverfront? We hadn't heard anything about it in awhile, but this week a bill that would give the Ernest N. Morial Convention Center, who owns that land, tax authority for the district is making its way through the state legislature.
The bill from Rep. Walt Leger passed a House committee last week. Lawmakers created an economic development district for the convention center last year, but tax authority was written out as an option.
The mixed used project, spearheaded by developers Howard Hughes Corp., Joe Jaeger, and Darryl Berger, calls for a 1,200-room hotel, condos and apartments, restaurants and entertainment.