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Decrepit strip mall financed by taxpayer money avoids wrecking ball — for now

The Lake Terrace Shopping Center has found its way back before city officials again. When The Lens and our partners at Fox 8 News first reported on the gutted and stagnant strip mall two months ago, developer DMK Acquisitions had taken $162,500 in taxpayer money but had nothing to show for it. Owner and sole [...]

March 18 2010 | Posted in Land Use | Read More »

“Economic development” grants leave empty storefronts

By Karen Gadbois, staff writer – A taxpayer-financed program to stimulate economic development in New Orleans continues to back dubious business ventures, throwing into question the city’s stewardship of some $2.5 million in annual grants, an investigation by The Lens and Fox 8 News has found. Since December 2008, more than $200,000 has been funneled [...]

January 19 2010 | Posted in Investigations, Money and Politics, Schools, Slider | Read More »