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Posted on 8/3/15 at 8:32 pm to Fontainebleau Dr.
New Orleans lost over half of it's corporate HQs post Katrina and 1600 businesses. That's far from a small deal.
This post was edited on 8/3/15 at 8:33 pm
Posted on 8/3/15 at 8:37 pm to NIH
Thanks. I'm sure even that Exxon location is downsizing once again. I read Shell is basically leaving Lafayette.
Speaking of, currently watching the Republican candidates on CSPAN, and Jindal sounded really impressive (shockingly)
Speaking of, currently watching the Republican candidates on CSPAN, and Jindal sounded really impressive (shockingly)
Posted on 8/3/15 at 8:38 pm to NIH
Virtually anyone who lives here will tell you that things are not perfect economically. But that the future has never been brighter. I certainly would not describe it as a "long road."
Posted on 8/3/15 at 8:42 pm to NIH
quote:
New Orleans lost over half of it's corporate HQs post Katrina and 1600 businesses. That's far from a small deal.
Yet all indicators are positive. Start ups, newly expanded museums and generally better quality of life. Real estate is booming. The port had a record year and tourism is back to pre-Katrina levels.
Posted on 8/3/15 at 8:44 pm to Fontainebleau Dr.
I think the airport continues to hurt the influx of major business...it's fine for tourist but too Podunk for business travel...not enough non-stop flights, airport is deserted by 9 pm...business travelers need a lot more flexibility...
Posted on 8/3/15 at 8:47 pm to NIH
quote:
The next mayoral election will be a watershed moment in New Orleans history.
And there won't be a single competent who can win on the ballot.
Posted on 8/3/15 at 8:48 pm to thekid
quote:
I think the airport continues to hurt the influx of major business...it's fine for tourist but too Podunk for business travel...not enough non-stop flights, airport is deserted by 9 pm...business travelers need a lot more flexibility...
hence the new airport planned
Posted on 8/3/15 at 8:52 pm to NIH
quote:
Having a metro of 1.2 million people and the headquarters of 12 public companies is embarrassing.
Birmingham has the same population and we are down to about 15 public companies. We had 30 of them 15 years ago. This is a national trend as large corporations purchase smaller ones and move the HQ to NYC, Chicago, etc.
Posted on 8/3/15 at 8:57 pm to thekid
quote:
I think the airport continues to hurt the influx of major business...it's fine for tourist but too Podunk for business travel...not enough non-stop flights, airport is deserted by 9 pm...business travelers need a lot more flexibility...
Great point. Airport sucks and has for a very long time.
Posted on 8/3/15 at 8:57 pm to undecided
Gentrification is horrible. I much prefer living in places where constant fear of being murdered by roving bands of murderous youths is constant and overwhelming.
Posted on 8/3/15 at 8:59 pm to NOLAManBlog
quote:
To answer the OP's question, gentrification will indeed affect the "essence" of the city. I think it's safe to assume essence in this context is defined as: neighborhood identity, music, traditions, etc omitting drugs, violence, blight, and crime. Gentrification of neighborhoods will price out residents to be moved into affordable neighborhoods in other areas of the city. Nevertheless, these residents will still be in town and they will be able to congregate in the historic cultural centers but not live there.
The largest contribution of "essence" being lost should be attributed to the demolition of the housing projects. That itself has very little to do with reverse white flight.
This is what I had in mind.
I would like to think there was a way to improve neighborhoods and lower crime, blight, ect without pricing out residents. Job creation would be a nice byproduct of gentrification but it typically only brings niche businesses that benefit a small segment
Posted on 8/3/15 at 9:02 pm to Monticello
quote:
Birmingham has the same population and we are down to about 15 public companies. We had 30 of them 15 years ago. This is a national trend as large corporations purchase smaller ones and move the HQ to NYC, Chicago, etc.
What is more important is homegrown businesses and a better quality of life. Birmingham had Frank Stitt restaurants 15 years ago. Now they have some great places, new bars and a better quality of life. More corporate presence does not always equal a better quality of life. Lafayette is a great city here, but their reliance on one industry is going to really hurt.
Posted on 8/3/15 at 9:06 pm to undecided
quote:
without pricing out residents
Inevitable. Look at Brooklyn, Queens, parts of DC and now NOLA. Move out if you can't afford it.
Posted on 8/3/15 at 9:09 pm to glassman
No major jobs have come to Birmingham and the only true improvements have been to the downtown area
I assume government hopes that having a thriving city center will attract business but my concern is those will continue to be white collar positions that won't benefit the majority of residents
Google is coming to the state and smaller auto manufactures are expanding but there's been no major job employer come to the Birmingham area in at least the last 20 years. That's a big issue. The city center will be a bubble surrounded by poverty, blight, and crime. Whatever gains that are made wont be sustainable as a result.
I assume government hopes that having a thriving city center will attract business but my concern is those will continue to be white collar positions that won't benefit the majority of residents
Google is coming to the state and smaller auto manufactures are expanding but there's been no major job employer come to the Birmingham area in at least the last 20 years. That's a big issue. The city center will be a bubble surrounded by poverty, blight, and crime. Whatever gains that are made wont be sustainable as a result.
This post was edited on 8/3/15 at 9:14 pm
Posted on 8/3/15 at 9:17 pm to undecided
Gentrification is happening but honestly it is much less than I expected would happen after the rest of the nation flooded New Orleans (and Louisiana) with billions of dollars in recovery money. Many of the projects that nola homers tout are not really that impressive when compared to urban redevelopment that is going on in many other cities. I enjoy NOLA but the ROI has been dismal and I really hate to see what the city will be like if the rest of the nation stops subsidizing its culcha.
Posted on 8/3/15 at 9:18 pm to undecided
quote:
The changing tastes are evident in housing statistics, according to Ragas. Starting in 2008, with a noticeable uptick in 2010,
Isn't 2010 the time when Road Home money expired?
Posted on 8/3/15 at 9:23 pm to Asgard Device
quote:
Many of the projects that nola homers tout are not really that impressive
Actually they are, as much as you don't want them to be.
Posted on 8/3/15 at 9:28 pm to Supermoto Tiger
quote:
Isn't 2010 the time when Road Home money expired?
They're still working to get all he money to the people who applied. I don't think they accept new applicants though. They've handed out $9 billion so far and that's just one of many federal programs for recovery.
Posted on 8/3/15 at 9:29 pm to Asgard Device
Which exact projects do you think are ba ROI? Can you list the funding and return numbers etc?
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