NEWORLEANS - The New Orleans Redevelopment Authority, Tulane University and Propeller, a social entrepreneurship accelerator, are looking for ideas on alternative uses for thousands of vacant properties in New Orleans.
The organizations are now accepting applicants for a November 15 pitch competition where 10 entrepreneurs will present their ideas to a panel of judges.
First, second and third place winners will receive a vacant, NORA-owned property to begin their project.
Those interested in participating in the competition will be required to enter into a standard NORA purchase agreement. The properties will be sold at a 90 percent discount or for $775, whichever amount is greater.
NORA and Propeller are encouraging interested applicants to visit the sites selected for the competition, many of which are scattered in Gentilly, St. Roch and Lower Ninth Ward neighborhoods, before they submit their ideas.
Applications must be submitted by Oct. 22.