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New Orleans to Demolish City Hall NewsMax.com Wires NEW ORLEANS -- A revitalization plan for downtown New Orleans announced Tuesday includes a refurbished Hyatt Regency Hotel, demolition of City Hall and establishment of a National Jazz Center and park.
The $715 million project includes the Hyatt Regency Hotel, still closed after Hurricane Katrina blew out scores of windows and heavily damaged the building. The hotel shares a city block with the Louisiana Superdeome and the Dominion Tower office building, which both also arre under repair.
The New Orleans Shopping Centre, adjacent to the Hyatt and Dominion and empty since Katrina hit on Aug. 29, would be demolished.
"It's the complete rebirth and renewal of the Hyatt-Superdome area," Mayor Ray Nagin said at a news conference with Gov. Kathleen Blanco. Story Continues Below
The plan is being spearheaded by Strategic Hotels & Resorts, a Chicago-based company that owns the Hyatt.
Developers said the project would generate construction jobs, taxes and tourism.
City government, now housed in a building on a block across the street from Dominion Tower, would move to the tower as part of the plan to create green space for the park.
The multifaceted development plan, which includes public and private property, would be financed through private investment dollars and, in the case of public lands, federal recovery aid and insurance money, officials said.
Developers hope to have financing in place within a year with construction taking three years.
© 2006 Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed. Editor's note: Read more on this subject in related Hot Topics:
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