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re: Hang onto your hats BR! Now they want to build Affordable Housing downtown.
Posted on 2/12/25 at 1:43 pm to Harry Caray
Posted on 2/12/25 at 1:43 pm to Harry Caray
quote:
Hating that homeless people exist, hating measures taken to help lessen homelessness.
I hate that homelessness exists. I think everyone deserves a place to lay their head down at night.
I also hate that you can't help the ones who actually are down on their luck people because 95% of them are drug addicts, crackpots, or both who will never get better, nor even try to. I hate that they make our cities unsafe and dirty.
You telling me they can't work some of these jobs that illegals do right now? Come on.
1
Posted on 2/12/25 at 1:45 pm to jbgleason
I mean it can't make downtown BR any shittier than it already is right?
Posted on 2/12/25 at 1:45 pm to andwesway
quote:
This has nothing to do with the homeless. This is about expanding the ghetto into downtown. Why the frick would they want to do that?
The ghetto is the inexorable cancer that gobbles up all. When you apartments going up—and they’re fricking always going up—that’s the cue to move. And then, 20 years later, you’ll have to move again bc the ghetto will find you. The ghetto never stops.
Posted on 2/12/25 at 1:47 pm to jbgleason
quote:
While the rents haven’t been determined yet, Cohen said they will be between 50% to 80% percent of market rate.
It's one way to make huge profits on real estate that's not being used.
quote:
People can profit from affordable housing primarily through government incentives like tax credits, which are awarded to developers who build affordable housing units, allowing them to sell these credits to investors for a profit, while still generating rental income from the housing units themselves; essentially, they make money by building affordable housing while receiving tax benefits from the government for doing so
quote:
The plan is to redevelop the State National Life building at 263 Third St. and a connecting building at 224 Florida. Cohen said he has been approved for $19.5 million in multifamily housing revenue bonds, the Baton Rouge Mayor’s Office of Community Development has awarded him up to $2 million and he’s trying to line up $7 million to $10 million in historic tax credits.
quote:
Cohen and his partner, Jeremy Watson, purchased the State National Life building, 224 Florida and an adjoining building at 244 Lafayette St. 4 years ago. Their plans for the property changed over the year
This post was edited on 2/12/25 at 1:51 pm
Posted on 2/12/25 at 1:59 pm to Shexter
Here are the developers:
Jeremy Watson
Partner & Co-Founder
Watson Cohen
https://www.linkedin.com/in/jeremyrwatson/
Jarrett E. Cohen
Chief Executive Officer & Chief Investment Officer at JECohen
JECohen & Co., LLC
Louisiana State University
New Orleans, Louisiana, United States
Jeremy Watson
Partner & Co-Founder
Watson Cohen
https://www.linkedin.com/in/jeremyrwatson/
quote:
Civil engineer, urban planner, and developer with 15 years of experience in engineering design, transportation planning and policy, and strategic investments for the public and private sector, and real estate private equity. Possess strong background in managing cross-functional teams and client relationships; Passionate about cities, urban tech, and building physical and social infrastructure.
Jarrett E. Cohen
Chief Executive Officer & Chief Investment Officer at JECohen
JECohen & Co., LLC
Louisiana State University
New Orleans, Louisiana, United States
quote:
Venture Partner & Co-Founder
Corridor VenturesCorridor Ventures
Oct 2022 - Present · 2 yrs 5 mos
New Orleans, Louisiana, United States
Principal & Co-Founder
Watson Cohen
Feb 2021 - Present · 4 yrs 1 mo
JECohen & Co., LLC
Chief Executive Officer & Chief Investment Officer
Feb 2015 - Present · 10 yrs 1 mo
New Orleans, LA
Posted on 2/12/25 at 2:30 pm to LSUtoBOOT
quote:
Moving on up.
To a deeeeluuuuuxe apartment in the sky.
Posted on 2/12/25 at 2:32 pm to VolSquatch
quote:
You telling me they can't work some of these jobs that illegals do right now?
Uhh
I’d rather have a good clean illegal paint my house over some schizophrenic hobo
Posted on 2/12/25 at 2:38 pm to jbgleason
Has there been one example of section 8 housing that didn’t bring down the quality of life around the area?
This is anecdotal but I remember when the apartments on coursey & hickory ridge became section 8 and suddenly you won’t catch me at the Tiger Paw after dark.
This is anecdotal but I remember when the apartments on coursey & hickory ridge became section 8 and suddenly you won’t catch me at the Tiger Paw after dark.
Posted on 2/12/25 at 2:41 pm to jbgleason
It will be like the Fairmont in downtown Shreveport - a magnet for the dregs of society.
Posted on 2/12/25 at 2:52 pm to jbgleason
Why not develop one of the many empty buildings along Florida Blvd.
Lots of big buildings with plenty parking spaces.
Lots of big buildings with plenty parking spaces.
Posted on 2/12/25 at 2:56 pm to Jcorye1
quote:
I remember a decade ago when I lived out there how much fun third Street had become. Nice to see BR fricking up a good thing.
Kip had it going full steam in the right direction. The streetcar connecting downtown and LSU was going to be awesome AND COMPLETELY PAID FOR by the federal government.
It didn't help black people enough so Broome killed it.
Hopefully new mayor will do something to stop this. This will permanently make the area completely untenable for retail, restaurants, etc.
Posted on 2/12/25 at 2:59 pm to SuperSaint
quote:
I mean it can't make downtown BR any shittier than it already is right?
Uhh, it absolutely will make it materially shittier.
Posted on 2/12/25 at 3:11 pm to Shexter
Oh great, the developer isn't even in Baton Rouge. They don't give a shite about the city.
frick them. Seriously. frick them.
frick them. Seriously. frick them.
Posted on 2/12/25 at 3:27 pm to jbgleason
I've been in downtown BR. Isn't all that housing affordable enough? How much more affordable do you need than a burnt out two bedroom 900sq ft house built in 1930?
Posted on 2/12/25 at 3:43 pm to TigerBaitOohHaHa
quote:
I've been in downtown BR. Isn't all that housing affordable enough?
It's definitely not close to as affordable as subsidized affordable housing. Those units can be free.
Posted on 2/12/25 at 3:49 pm to CatfishJohn
quote:
It's definitely not close to as affordable as subsidized affordable housing. Those units can be free.
then they should cut through the bullshite and call it free housing. And NO, police, teachers and FD are not living there.
Posted on 2/12/25 at 5:02 pm to dallastigers
If it is only going to be for those types of employees then yes I am for the affordable housing. However if the landlord wants full capacity because he is charging the government for each tenant the going rate of a "would be" apartment building in that area. You know he will try and get the occupancy to max and to do that he will bring in the "un-evictables."
Posted on 2/12/25 at 5:04 pm to jbgleason
DOGE
Posted on 2/12/25 at 5:06 pm to 0x15E
quote:
Downtown BR sucks anyway.
But it shouldn’t. It’s walkable with lots of space for restaurants and stores. It should be better
Posted on 2/12/25 at 5:53 pm to Harry Caray
quote:
Some real short-sighted racists in this thread.
Geez liberals are exhausting. Let me explain it in a way you can understand. Right next to your favorite vegan restaurant, gay bars, and BLM monument they are building a massive trailer park called Southern Heritage. Your favorite part of town will be ruined.
Race has nothing to do with it, the media has you programmed. Critical thinking is erased. Everything is racist because you can’t think for yourself.
This post was edited on 2/12/25 at 5:54 pm
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