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Message
re: Will Gentrification Ever Happen in Baton Rouge?
Posted on 3/23/23 at 8:24 am to LAS
Posted on 3/23/23 at 8:24 am to LAS
Nope. Once the democrat party takes over an area, it is done. The only question is, which area will the locusts infest next?
Time to face the facts that Louisiana is a third world territory that can't be saved. Get out as fast as you can before you lose more to these parasites.
Time to face the facts that Louisiana is a third world territory that can't be saved. Get out as fast as you can before you lose more to these parasites.
1
Posted on 3/23/23 at 8:28 am to dewster
quote:
Broadmoor has a lot of extensive home renovations right now. That’s a solid neighborhood with largish lots and a dense tree canopy.
Definitely a lot of renovation in Broadmoor. I think it's a neighborhood that is seeing some popularity because it mostly didn't flood, while Sherwood Forest had extensive flooding. It will be interesting to see what affect if any the new Amazon warehouse has on the area.
Posted on 3/23/23 at 8:49 am to ATLTiger7
quote:
The area between LSU/north campus and downtown has as much potential to be gentrified as anywhere I've ever seen, and I'm shocked it hasn't happened yet.
That area which is called the "Bottoms" is notorious for drug dealing and gang activity. It's not likely to be gentrified in theforeseeable future.
Posted on 3/23/23 at 9:01 am to LAS
quote:
Sherwood, Broadmoor, Tara etc…..
Surely it has been said, but there has been some of that in these neighborhoods. But more so completely renovated homes and not tear downs.
Tara definitely should not be on your list.
I think for a neighborhood to qualify as needing gentrification it has to be completely rock bottom. Which these are not.
I drove through Sherwood recently and was actually surprised how nice it looked compared to 1 year ago. Definitely noticed some demographic shift, but still nice yards and cars and homes. Not that there aren’t some areas that have gone down, but that seemed to be limited to near Florida Blvd. and pockets. I probably wouldn’t ever move there, but more so because it’s flood zone than it being ghetto or something.
Posted on 3/23/23 at 9:03 am to dewster
quote:
Broadmoor has a lot of extensive home renovations right now. That’s a solid neighborhood with largish lots and a dense tree canopy.
quote:
Capitol Heights and mid city are far nicer today than 20 years ago. Tara is doing well too.
Again, it doesn’t seem like people know what “getrifying” means
Posted on 3/23/23 at 9:18 am to doubleb
quote:
The developer did very well.
You’d think that, but not really. The economics of that deal are greatly misunderstood.
Posted on 3/23/23 at 9:38 am to dewster
quote:
Broadmoor has a lot of extensive home renovations right now. That’s a solid neighborhood with largish lots and a dense tree canopy.
Sherwood too. It’s good that people think otherwise. Though the trash has to be pushed out, but yes, renovations are aplenty there.
Posted on 3/23/23 at 9:41 am to southdowns84
quote:
You’d think that, but not really. The economics of that deal are greatly misunderstood.
Please elaborate. I know government put up most of the funds for construction.
Posted on 3/23/23 at 9:48 am to doubleb
quote:
Please elaborate. I know government put up most of the funds for construction.
In what way did the developer do very well? How much do you think IBM is paying the developer for their lease?
The government put up less than half of the funds for that project, btw. IBM occupies all but two floors of the commercial space.
Posted on 3/23/23 at 9:56 am to longtooth
quote:
Tara definitely should not be on your list.
I think for a neighborhood to qualify as needing gentrification it has to be completely rock bottom. Which these are not.
Technically it just needs to have declined:..which can happen as the residents age and a period of time passed before it becomes favorable to younger homebuyers or renters.
Capitol Heights, Tara and Broadmoor were never bad neighborhoods and were never dangerous. But they became stale and “old people” neighborhoods for a while. The housing stock aged as the hotter new neighborhoods were developed.
They are now seeing a healthy cycle of reinvestment with younger homebuyers. Not as big of a “before and after” as Spanish Town had 40 years ago, but it’s definitely happening.
I’m seeing the “aging” trend happening in parts of Shenandoah now. But what will save that area is the sheer size of the neighborhood. It’s massive and was developed over 20 years, so there is a diverse age range in there. Parts of it were only just built out 10/15 years ago.
This post was edited on 3/23/23 at 10:48 am
Posted on 3/23/23 at 10:08 am to southdowns84
quote:
In what way did the developer do very well? How much do you think IBM is paying the developer for their lease?
The government put up less than half of the funds for that project, btw. IBM occupies all but two floors of the commercial space.
I read where state and local govt put up about 74 million dollars for the project.
I asked you a question, why didn’t the developers do well? They received millions of dollars for the project, right?
There are apartments, townhome and parking too in the development. It’s not just office space and IBM isn’t the only tenant.
Posted on 3/23/23 at 10:09 am to LAS
It already has happened in a sense (Mid city, Government Street, etc). But not in a large scale.
Posted on 3/23/23 at 10:32 am to Thundercles
quote:
15 years ago most of America was pointing and laughing at Detroit which had become Hell on earth and was lost forever. Slowly they are recovering, and Baton Rouge/New Orleans is descending to that shitty level. So presumably the cycle could come back around, but Louisiana has some of the worst leadership and most troubled populace in the country.
Detroit was literally ripped away from its elected representatives and placed into the equivalent of corporate receivership during the largest municipal bankruptcy in US history. The city didn't come around and fix itself. A dictator was installed as "emergency mayor." That's what it takes.
Posted on 3/23/23 at 10:41 am to doubleb
quote:
I read where state and local govt put up about 74 million dollars for the project. I asked you a question, why didn’t the developers do well? They received millions of dollars for the project, right? There are apartments, townhome and parking too in the development. It’s not just office space and IBM isn’t the only tenant.
I told you the economics of that deal were greatly misunderstood and you proved my point perfectly when you said you heard the government put up most of the funds for construction.
If you have a problem with the project as a whole, that’s fine. I won’t dispute that. But if you think the developer didn’t have to pass on more profitable projects due to its commitment to the IBM deal, you are mistaken.
You don’t need to answer my question because I know you can’t.
Posted on 3/23/23 at 10:42 am to southdowns84
quote:
You don’t need to answer my question because I know you can’t.
Now that’s how you have a civil conversation.
Posted on 3/23/23 at 10:46 am to doubleb
quote:
There are apartments, townhome and parking too in the development. It’s not just office space and IBM isn’t the only tenan
IIRC, the developer did well. They are about to start another similar building by the water campus dock thing. It would have been farther along, but the pandemic slowed down everything. I think that’s going to be geared towards engineering companies though and not tech. And Louisiana desperately needs to attract more tech service centers like IBM and DXE.
IBM’s service center isn’t the only office tenant in the IBM building BTW. They have a service center there that takes up a lot of space, but there are 5-6 other companies in there including a couple of B4 accounting/consulting field offices and the Cane’s corporate office.
That’s a very nice building. If space opens up there, it will attract tenants from older, more outdated buildings.
As bad as the office market has been nationwide since the pandemic, it’s actually comparatively healthy in New Orleans and Baton Rouge partially because those two markets were never super hot for speculative office towers. It also helps that the local populace isn’t as terrified of Covid as they are in Minneapolis, San Francisco, etc.
There is office availability in Baton Rouge (albeit not as much as bigger markets like Atlanta or Houston), but there really isn’t a lot of buildings where a tenant can get more than 2500-3000 square feet on the same floor. That’s why they are looking closely at another low to mid rise office building.
And several office buildings in the SoLa cities have been converted to residential, reducing available supply. And state workers in BR are starting to get back to the office now.
Posted on 3/23/23 at 10:47 am to Paul Allen
quote:
Now that’s how you have a civil conversation.
He can’t answer it because the developer didn’t do “very well” on the project, at least not financially.
Posted on 3/23/23 at 10:50 am to GentleJackJones
quote:
It already has happened in a sense (Mid city, Government Street, etc). But not in a large scale.
Nothing in Louisiana is going to happen quickly. We are not going to see the massive scale of privatized gentrification that you see in parts of Houston or Chicago.
It happens, but it’s much more deliberate and neighborhood-focused.
Posted on 3/23/23 at 10:50 am to EZE Tiger Fan
quote:
Once the democrat party takes over an area, it is done.
New Orleans disagrees. Dems have held that since before Reconstruction. Both sides just have their heads in the sand. Dem economies tend to be better but they need the managerial minds of a conservative to maintain. They get to idealistic and lose control of managing brass tacks. Republican economies tend to under perform but when they do they kill it (I.E. Vegas, Texas, Florida, Nashville) and the Democrats come running to take over
Posted on 3/23/23 at 10:56 am to ThanosIsADemocrat
quote:
Sherwood too. It’s good that people think otherwise. Though the trash has to be pushed out, but yes, renovations are aplenty there.
I’ve seen it in Sherwood south of Florida, especially around STM school. The issue with Sherwood is that parts of it flooded. Granted that was a catastrophic event, but it happened and it’s still in the local’s memory. Housing stock is generally newer than Broadmoor.
It’s a solid, affordable neighborhood that’s isn’t too far from the big employers on Essen, Corporate/Jefferson, and the big industrial facilities in north Baton Rouge. Easy to get to the private schools. It’s not the easiest commute from downtown and LSU though.
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