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» Investing in New Orleans
Over the coming months, there will be billions of dollars invested in the repair and rebuilding of the City of New Orleans. Investors across the nation are turning their eyes to New Orleans and the surround area, such as Bayou La Batre, to see when and where the monies will be allocated and to learn what opportunities will become available.
Initially, housing replacement will be of primary concern. Expect apartment complexes and SFDs to be razed and rebuilt, as well as renovated throughout the area. Low income housing projects will change the face of the city and house larger groups of displaced than SFDs. The city has an opportunity to improve some its poorest neighborhoods. Expert urban design can promote community and reduce criminal behavior - what is selected is yet to be seen.
As a small investor, research thoroughly before making a decision about whether to invest your funds in the area. There will be TIC investment offerings, construction and renovation projects to choose from. But the neighborhoods will be in flux. What was once a booming part of town, may be abandoned or less active. Areas that were traditionally unpopular may become the lifeblood of the area. Be sure you know the new layout of the city before deciding on your investments.
