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re: Gambit article: "Is NOLA Worth It?"

Posted on 8/22/17 at 4:17 pm to
Posted by elleshoo9
New Orleans
Member since Aug 2007
1859 posts
Posted on 8/22/17 at 4:17 pm to
Why did those industries start to leave or shrink? I know banking used to be so much bigger here, it's what my great great grandfather did in the mid to late 1800s when Nola was prospering.

I get that New Orleans property will always be more expensive than Texas property bc New Orleans is limited on the extent to which it can expand.

What caused Nola to be overtaken by Houston and Atlanta in the late 1800s and 1900s? Was it due to the political climate? Obviously New Orleans has a better "feel" than these other two cities historically. If you could clean up New Orleans crime, education, and infrastructure, you'd have companies flocking to locate themselves here I'd expect.
This post was edited on 8/22/17 at 4:22 pm
Posted by c on z
Zamunda
Member since Mar 2009
127600 posts
Posted on 8/22/17 at 4:19 pm to
The oil bust certainly didn't help.
Posted by Y.A. Tittle
Member since Sep 2003
102015 posts
Posted on 8/22/17 at 4:20 pm to
quote:

If you could clean up New Orleans crime, education, and infrastructure, you'd have companies flocking to locate themselves here I'd expect.


That chance was squandered 12 years ago. Of course, you could also argue that event reinforced the notion that the city could never really be a major business player again, regardless of what it did in recovery.
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