In a press release issued last week, Mayor Mitch Landrieu’s administration prided itself on a recent decision by Judge Lloyd J. Medley Jr. to uphold fines imposed on a taxpayer financed developer who has failed to bring a lakefront strip mall back into commerce years after Katrina damaged it. The city lauded the ruling as […]
Tag: Lake Terrace Shopping Center
Posted inLand Use
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 DKM Acquisitions had taken $162,500 in taxpayer money but had nothing to show for it. Owner and sole […]
Posted inGovernment & Politics, Investigations
Strip mall that won taxpayer money faces code problems
In January, The Lens reported on taxpayer money collected by DKM Acquisitions and Properties for economic development. At the time, nothing visible had been done to renovate the gutted and unkempt Lake Terrace Shopping Center at Robert E. Lee Boulevard and Paris Avenue. City officials said that the $162,500 given to the company had been […]
Posted inGovernment & Politics, Investigations, Schools
"Economic development" grants leave empty storefronts
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 to the owners of a sorely […]