Gayle foolishly buying up NOLA assets

Why are you worried about what other people do with their money?

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Because the Saints suck right now and have been on a steady decline since she took over the team.

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So what does that have anything to do with her buying property with her own personal money?

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If she continues her lifelong pattern of ruining businesses eventually she will have to sell the Saints/Pels.

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She's not selling any of her franchises. This is such a lazy fricking take.

Were you crying when you typed this?

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Because she is buying garbage property with a laughable 23% occupancy rate.

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When billionaires buy up garbage property - you should know that there is a plan. She likely picked this up for a steal because she knows what is coming in the near future.

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Benson real estate group is optimistic about the development of the BioDistrict and plans to renovate the derelict Charity Hospital, which has Tulane University as an anchor tenant.

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This area - between Superdome and Canal - has been largely blighted after Katrina and the relocation of the VA and LSU/Charity medical centers. Planning for this area stalled during covid but I've heard that developers are interested again. Charity Hospital is too nice a building to stay blighted. The problem is that you can't just renovate Charity, you have to do the entire area. It needs another major stimulus.

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We are working on plans that will enhance and expand the Sports and Entertainment District that are geared to addressing a better fan experience for those attending Saints and Pelicans games

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The other 'unknown' in this area's future is when does City Hall relocate - and what goes in its place? Cantrell was supposed to do this, but she f"cked it up. Helena is likely going to finalize the deal. I have predicted for some time that the State will claim the City Hall property and develop a new Arena for use by the Pelicans and other Special Events. This deal confirms my predictions.
The intersection of Poydras and LaSalle will have the recently renovated Superdome - caddy corner will be the new Arena - and the other two corners will be Benson Group properties - 1450 and 1515 Poydras. She also owns the neighboring Hyatt Hotel. This mega complex would likely anchor adjacent developments along Loyola Ave in the CBD and kickstart mixed development in the old Medical District.

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Don’t overlook the 4% population decline in NOLA last 4 years.

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Don't overlook the 20m tourists who visited New Orleans last year. And that number will continue to grow. Superbowl showed us that there are still not enough hotels and venues to accommodate the demand during major events - and to compete for these events, Louisiana needs to invest in infrastructure. This is not about generating revenue from locals, it's about tourism dollars. The economic model of New Orleans is dependent on conventions & special events. Thats $9 billion in out of state revenue coming into Louisiana per year. The State claims most of that tax revenue and it is shared across the State. If New Orleans gets just one major event per year because of this development - it will pay for itself.

I explained in the last sentence of my post.

and for the record I don't agree with doing that.

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If she continues her lifelong pattern of ruining businesses eventually she will have to sell the Saints/Pels

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So if you indeed believe that the NOLA market is headed in the wrong direction then it doesn't really matter because the team will move anyway eventually. What she does with her money doesn’t really matter. If anything, a cash laden buyer with interest pushes the value of properties in that market upwards in the short term. Not really sure how the two topics (Saints ownership and her making unwise real estate decisions) are related TBH.

The way I figure it, the Saints maybe have 10 more years before they are under new ownership and the new owner is looking for a new market.

She won't run out of money. I promise.

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MSA

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Dubious term. I've been to Greenville and Knoxville recently, and their city structure is nowhere near NOLA-and I despise NOLA!

Cities don’t improve unless people invest in them, dumbass. What a short-sighted take.

This take is like when professional sports leagues like the NBA or Major League Baseball want to “keep their big markets happy” such as Boston, Los Angeles, etc. They don’t realize that the entire country becomes more interested when the league is more inclusive and every franchise has a chance to win. Parity is good for sports, not bad. It stops the sport from becoming mundane and boring.

Meanwhile, the NFL has become the king and is raking in the cash because of their exceptional parity and access for every franchise to be able to succeed. Even franchises in small markets like the Saints have won at the highest level.