New Orleans skyscraper on auction block

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Associated Press

Posted on July 21, 2011 at 2:35 AM

NEW ORLEANS (AP) — Want to buy a skyscraper?

The 45-story Plaza Tower in New Orleans is on the auction block — with a minimum bid of $250,000.

A joint venture putting the long-empty building for sale, New Orleans-based Corporate Realty and DJM Realty, a national disposition company, says the skyscraper has a gutted interior shell and possible environmental hazards have been fixed.

The Plaza Tower was built in 1964. It also has an eight-story parking garage and a 30,000-square-foot annex.

The building is the third-tallest in both New Orleans and Louisiana. The last office tenants of the building left in 2002. A previous plan to convert the building into luxury condominiums failed.

Bids are due Sept. 20.

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