By CATHY BOOTH THOMAS
Not far from the madness that was Mardi Gras in downtown New Orleans, developers are hoping to start a frenzy of their ownin real estate along the Mississippi River. The French, it turns out, knew what they were doing when they built the Vieux Carre at the bend in the river. That section of the city didn't flood after Hurricane Katrina, even after the levees broke, because it was on higher ground. Now, while homeowners in suburban New Orleans worry that neighborhoods will be bulldozed for parks and greenways, the moneymen are hoping to lure people back into the city to live nearer the waterfront.
A half dozen developers, including Donald Trump, are eying high-rise condo projects downtown that would offer stunning views of the mighty Mississippi. The Port of New Orleans just signed an agreement to open up four miles of riverfront for development, including a one-mile-long park replacing wharves. Nearby, developer Pres Kabacoff's $318 million plan to transform the St. Thomas housing project into River Gardena mixed-income neighborhood with Creole cottages, Victorian doubles and Greek Revival housesshould get back on track this month. And a few blocks away, KB Home, one of the nation's largest builders, will turn dirt this spring on 58 lots for Orleans-style homes. With $50 billion in private insurance payouts and government help on its way to the region, Mayor Ray Nagin is predicting an "explosion of growth," especially downtown.
Nagin, who is up for reelection April 22, is finalizing the rebuild plan prepared over four months by his Bring New Orleans Back Commission (see plans at www.bnobc.com). The final release is expected next week. Some 70 neighborhood groups, divided into 13 planning districts, attended a meeting with the mayor last month and have until late May to submit rebuilding plans in each area of the city. Already, neighborhood associations from heavily damaged areas like the lower Ninth Ward, Gentilly and Lakeview are tracking down residents, finding out who is returning and what services are needed. (For a complete list of neighborhood meetings, go to Preservation Resource Center of New Orleans at
www.prcno.org.)
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