re: New Orleans is sole owner of Wisner Trust land and revenues, state appellate court rules

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Especially with a sunset wording of 100 years. That seems to be an intentional choice of limited timeframe towards the trust itself.

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Was there a law against perpetuities in 1914?

The 100 ( maximum possibly as you say) sunset ends regardless and the ownership of land has to be determined obviously. My curiosity as I said was how the initial trust was built, if it cleanly stated after the sunset it becomes owned by NO, LSU and Tulane then that’s it really but if it doesn’t imply that then it would seem the heirs have standing as they were(?) part of the payouts for that period. Sunsets are placed for a reason, I could understand family members trying to argue over

No way is the below statement from the original trust as it talks in past tense, “ Wisner required “ or “ the City held the trust” for example, not future description of use. It most definitely is a draft from decision or lawyers for NO

In establishing this trust, Wisner required the City of New Orleans to use funds generated from its use of the land “for the beautification of New Orleans and for the education, health and recreation of the city residents.” As the trust's principal beneficiary, the City held the trust corpus and would receive the bulk of the trust's revenue. Wisner named three income beneficiaries: Tulane University, Charity Hospital, and the Salvation Army. Wisner named the Mayor of New Orleans as trustee. Notably, at the end of the trust's one-hundred-year term, Wisner expressly granted all of the trust's immovable property to the City of New Orleans.

As I mentioned only the original wording of the original trust means anything, everything is is but one sides opinion or final decision, which sometimes has been known to be incorrect

Have no clue but a sunset in a trust is not arbitrary in interpretation

Saw 2 versions of interpretations, both look to be opinions of 100 years later. Those being that NO, Tulane, LSU & heirs were being paid throughout and the other being NO,LSU & Tulane the bequeathed owners after the 100 years. Those are not the original trust wordings as heirs were apparently getting paid during yet show no inclusion of after the sunset. Again I haven’t seen the original wordings of so obviously just speculation

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So does this mean that Charity Hospital will continue to sit vacant instead of being redeveloped or demolished?

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LSU cant be bothered to deal with its blighted property. It has fired football coaches it has to pay.

NOLA does not deserve shite.....

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Again I haven’t seen the original wordings of so obviously just speculation

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Yes I’m with you. I’d love to see the original

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Might be a good investment with the city in dire financial straits and Port Fourchon acquiring full rights to the land.

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Fun little fact, I just checked the Assessor’s page in Lafourche Parish, they list the Wisner properties as the City of New Orleans as owners now. Not sure if this was done recently or if it has been that way for awhile now.

Now as a taxpayer in Lafourche Parish, I noticed that since it is government owned land now, the Assessor’s office shows that Lafourche Parish collects ZERO dollars in property taxes.

I wonder if the Wisner property paid Lafourche Parish Property taxes when it was held by the Trust.

So not only is Lafourche Parish through Port Fourchon paying to lease some of the property for port use to the city, the city is screwing Lafourche Parish by paying ZERO in property taxes to Lafourche parish as a whole because the city owns the land.

The legislature ought to fix that tax loophole.

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What’s puzzling is what Latoya did 6 years after the trust ended in 2014. She had the trust extended to pay revenue to all of the prior benefactors when the revenue should have been going only to nola.

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Right. She was obviously personally benefiting from that arrangement somehow.