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Started By
Message
re: Pat O’Briens lays off 80 and NOLA’s future cloudy
Posted on 9/28/20 at 12:59 am to Mr Perfect
Posted on 9/28/20 at 12:59 am to Mr Perfect
quote:You mean when, because she definitely will. No question about that.
if latoya close Mardi gras
Posted on 9/28/20 at 2:38 am to Keltic Tiger
quote:
Even Katrina did not do permanent damage to POB's business& it lost tons of workers.
People banded together after Katrina. Everyone in the city wanted to rebuild. You have people in the city contributing to this mess currently. Also, you could get outside help to rebuild ‘the great city’. Nobody is coming to bail out New Orleans when NYC, Chicago, SF, etc. all need help as well.
Posted on 9/28/20 at 2:45 am to tgrbaitn08
quote:
tgrbaitn08
Your performance in this thread is one for the ages. Your name never stood out to me before this, but you must be a major douche in person.
Posted on 9/28/20 at 7:44 am to TexasTiger08
Why because biohazard said he was going to come find me for something I said on the Internet?
Posted on 9/28/20 at 7:45 am to LSUGrrrl
quote:SHE WILL NOT BE BULLIED!
Has she even really been challenged?
Can you imagine the party if she were to turn left in front of a streetcar?
Posted on 9/28/20 at 7:47 am to fallguy_1978
quote:
I'm not even a big fan of Trump but this has been so politicized that's it's laughable at this point.
This is how I feel. I think Trump is definitely the best if the 2 options, but I don't think he's savior of the world.
Well, let me rephrase. I haven't thought that up until recently. The Dems are really starting to scare me so keeping them out of office may be part of saving the world. IF that means electing Trump again until we figure something else out, then so be it.
Posted on 9/28/20 at 7:53 am to tgrbaitn08
There’s something seriously wrong with you. Spouting out your shite takes then cutely throwing a laughing emoji in there while literally nobody agrees with you or thinks you’re funny. Trash.
Posted on 9/28/20 at 7:55 am to Proximo
quote:
Spouting out your shite takes
Link?
quote:
then cutely throwing a laughing emoji in there while literally nobody agrees with you or thinks you’re funny.
I’m not laughing at myself I’m laughing at how triggered you people get and how that dude said he had my ip and knew who I was and was going to come find me
This post was edited on 9/28/20 at 7:56 am
Posted on 9/28/20 at 8:03 am to SuperSaint
I’m sorry I hurt their feelings. I forget how serious the Internet can be for some people
Hope you are well SS
Hope you are well SS
Posted on 9/28/20 at 8:20 am to tgrbaitn08
quote:
tgrbaitn08
You are a jackass.
Posted on 9/28/20 at 9:44 am to doublecutter
As someone who owns several office, warehouse, and other commercial buildings since the 70s in Orleans, Jefferson, & St. Tammany Parish here is what I am seeing taking place right now. The Class A and Class B office building demand in Orleans is downright horrific and right now we are on pace with a glut of even more office space coming on line in 2021 with very little, if any, demand. We own a mix of B & C class buildings in the area but Orleans is really bad but Jefferson is holding its own. We are down about 14% in office space in Jefferson but Orleans we are down 36% as of last week in Class B/C space. I'm only speaking about the commercial buildings we own which include a mix of retail & restaurants have also taken a plunge--in Orleans we have lost about 45% of our retail & restaurant tenants and in Jefferson we are only off by 30% of our retail & restaurants. St. Tammany we are down about 15% retail and restaurants. Luckily we own our properties and are not leveraged with debt unlike many other property owners who have commercial portfolios in Orleans, Jefferson, & St. Tammany.
Warehouse demand has remained static as some of our tenants have been stock piling up goods due to the lower demand which is good for us.
Orleans Parish as of last month was losing $150,000,000 million a week and that number is expected to increase at the beginning of November to $200 mil a week if the city doesn't start laying off employees and cutting departments.
New Orleans right now is completely shut down for convention business for 2020 and 2021 looks like a repeat. I talked to one of the VPs with the NOTMC a couple of weeks ago and the person said they felt like Orleans won't see a recovery in the convention business until 2024-2025 and that the shutdown has seriously impeded our ability to go after business when other cities are aggressively poaching our conventions. Another factor that has hurt us was the idea to increase the taxes on the hotels downtown which cut into the bottom lines of many trade associations who host conventions and conferences.
As of August 30th, 50% of all restaurants in Orleans Parish were closed and 33% of all hotels were shut down with 3/4 of those closures permanent. Jefferson was faring much better with 30% of all restaurants closed and 5% of all hotels shut down. Didn't get the figures for St. Tammany.
As for Mardi Gras--is the big question mark right now as one idea is to have Mardi Gras but with NO throws and no spectators. The Krewes will roll down the parade routes and spectators can watch them roll virtually. I'm unsure how many Krewes will actually roll under this model but it is a leading contender if we have Mardi Gras in 2021. Everyone knows that Mardi Gras is the economic engine for the entire area so if it gets cancelled the carnage will be catastrophic for every single restaurant/bar/retail establishment not only in Orleans but also in Jefferson.
A lot of people who live in Jefferson are dependent on work in Orleans Parish so the spillover effect is major.
LaToya is hoping the CARES Act will provide enough money to subsidize the City's coffers but as others have said we are so far behind the curve right now nationally that other cities will use CARES Act cash to actively out promote New Orleans because we will be forced to use that money to plug holes in Government not use it to recruit conventions and conferences.
I also see a lot of people who have been vested in New Orleans for a long time moving out of Orleans Parish to St. Tammany, some to Jefferson Parish, but more to the Miss Gulf Coast, Houston, Dallas, and Florida panhandle. Luckily for those people low interest rates have spurred on some purchase and refinance activity but I really worry what will happen with LaToya and the idiots on the city council push forward with their new property tax and sales tax hikes they are quietly floating around right now. If they get those tax increases passed then we will see an ever bigger drop in activity in New Orleans.
**Update there was a typo in my original post I said 67% of all hotels were shut down when in fact it is 33% of all hotels are shut down. 67% of all hotels are open for business even though they are not generating a lot of business right now.
Warehouse demand has remained static as some of our tenants have been stock piling up goods due to the lower demand which is good for us.
Orleans Parish as of last month was losing $150,000,000 million a week and that number is expected to increase at the beginning of November to $200 mil a week if the city doesn't start laying off employees and cutting departments.
New Orleans right now is completely shut down for convention business for 2020 and 2021 looks like a repeat. I talked to one of the VPs with the NOTMC a couple of weeks ago and the person said they felt like Orleans won't see a recovery in the convention business until 2024-2025 and that the shutdown has seriously impeded our ability to go after business when other cities are aggressively poaching our conventions. Another factor that has hurt us was the idea to increase the taxes on the hotels downtown which cut into the bottom lines of many trade associations who host conventions and conferences.
As of August 30th, 50% of all restaurants in Orleans Parish were closed and 33% of all hotels were shut down with 3/4 of those closures permanent. Jefferson was faring much better with 30% of all restaurants closed and 5% of all hotels shut down. Didn't get the figures for St. Tammany.
As for Mardi Gras--is the big question mark right now as one idea is to have Mardi Gras but with NO throws and no spectators. The Krewes will roll down the parade routes and spectators can watch them roll virtually. I'm unsure how many Krewes will actually roll under this model but it is a leading contender if we have Mardi Gras in 2021. Everyone knows that Mardi Gras is the economic engine for the entire area so if it gets cancelled the carnage will be catastrophic for every single restaurant/bar/retail establishment not only in Orleans but also in Jefferson.
A lot of people who live in Jefferson are dependent on work in Orleans Parish so the spillover effect is major.
LaToya is hoping the CARES Act will provide enough money to subsidize the City's coffers but as others have said we are so far behind the curve right now nationally that other cities will use CARES Act cash to actively out promote New Orleans because we will be forced to use that money to plug holes in Government not use it to recruit conventions and conferences.
I also see a lot of people who have been vested in New Orleans for a long time moving out of Orleans Parish to St. Tammany, some to Jefferson Parish, but more to the Miss Gulf Coast, Houston, Dallas, and Florida panhandle. Luckily for those people low interest rates have spurred on some purchase and refinance activity but I really worry what will happen with LaToya and the idiots on the city council push forward with their new property tax and sales tax hikes they are quietly floating around right now. If they get those tax increases passed then we will see an ever bigger drop in activity in New Orleans.
**Update there was a typo in my original post I said 67% of all hotels were shut down when in fact it is 33% of all hotels are shut down. 67% of all hotels are open for business even though they are not generating a lot of business right now.
This post was edited on 9/28/20 at 1:24 pm
Posted on 9/28/20 at 9:51 am to MrLSU
Property tax increases are my biggest fear. Are you hearing percentages mentioned? I’m looking at some property that I can get a really good deal on, but I don’t want to get hosed in the long run by Exorbitant taxes. We all know that once they go up, they’ll never come down.
Posted on 9/28/20 at 9:52 am to OldHickory
I’m torn because it’s obviously a great time to get a mortgage, but I’m scared of getting fricked by a huge property tax increase
Posted on 9/28/20 at 9:52 am to MrLSU
quote:
if the city doesn't start laying off employees and cutting departments.
This will never happen in any large city, anywhere.
Taxes will just be raised instead.
Government never shrinks, it only grows.
quote:
with LaToya and the idiots on the city council push forward with their new property tax and sales tax hikes they are quietly floating around right now.
Corrupt governments are anything if predictable.
This post was edited on 9/28/20 at 9:55 am
Posted on 9/28/20 at 9:54 am to GreatLakesTiger24
quote:
I’m torn because it’s obviously a great time to get a mortgage, but I’m scared of getting fricked by a huge property tax increase
It's how they are raising taxes without a vote. They just increase your property value.
Posted on 9/28/20 at 10:03 am to fallguy_1978
If I'm Jefferson Parish, I'm doing all I can do lure the mega krewes and stick it to Destroya. Her loss is their gain.
This post was edited on 9/28/20 at 10:05 am
Posted on 9/28/20 at 10:05 am to fallguy_1978
quote:
It's how they are raising taxes without a vote. They just increase your property value.
yep...thats exactly what just happened to me..they increased my assessment. They increase my building value by $110k and increase my Taxable Assessment by $11k
Posted on 9/28/20 at 10:06 am to tgrbaitn08
Happened in BR too. I'd gladly sell the government my house for what they say it's now worth.
Posted on 9/28/20 at 10:08 am to ihometiger
Want to catch a glimpse what America will look like under a Harris - Biden Presidency? Look at what Latoya the Destroya is doing to the citizens of NOLA!
Yikes!
Yikes!
This post was edited on 9/28/20 at 10:11 am
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