NEW ORLEANS (AP) — The city has taken ownership of the former Navy facility along the Mississippi River in the Bywater neighborhood.
The New Orleans Advocate reports the transfer is a step toward realizing long-standing ambitions to redevelop the 25-acre site.
Plans have moved slowly for years to transform the former Naval Support Activity-East Bank site into an emergency operations center for disaster management staff, as well as retail, housing and education facilities.
Even after the transfer from the federal government, it's not clear when those plans might actually bear fruit.
The developer Mayor Mitch Landrieu's administration chose for the site — a joint venture called EMDRC Partners — still must seal a long-term lease with the city, then find grant money to pay for revamping existing structures and building new ones.
Information from: The Advocate, http://theadvocate.com