AFL-CIO Plans NOLA Boom
This is some of the best news I’ve heard in a long time. USA Today reports:
In what may be the start of the city’s development boom, the AFL-CIO plans to invest $1 billion to develop 10,000 affordable homes and a new downtown hotel.
The investment, confirmed Monday by the AFL-CIO, is the labor coalition’s most ambitious funding project ever. It also is one of the largest yet for New Orleans and seeks to bring new housing to a city where Hurricane Katrina destroyed more than 100,000 homes.
This is important on so many different levels I don’t even know where to begin. To a large extent New Orleans is a city build on travel and tourism. Of course every American city needs affordable housing, but New Orleans more then most. It takes thousand of lower income people to clean your hotel room, wash your dishes, and park your cars. If there isn’t affordable housing the city’s main tax revenue won’t return.
No responses yet
