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The City of New Orleans

Mayor Mitchell J. Landrieu

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City of New Orleans and Councilmember Gisleson Palmer to host Restoration Tax Abatement Program information session

September 02, 2013

NEW ORLEANS, LA—Today, the Mayor’s Office of Economic Development and District C Councilmember Kristin Gisleson Palmer announced the upcoming Restoration Tax Abatement Program information session taking place on Tuesday, September 10.

The program is an economic development opportunity that freezes real estate property tax at the pre-improvement level, for a five-year period as an incentive to buyers of commercial structures and residential property purchased and redeveloped in one of the three (3) qualifying districts below:

  • Downtown Development District
  • Economic Development District
  • Historic District

The purpose of this information session is to inform the Algiers business community of new opportunities within the newly created Midtown Algiers and South Algiers Economic Development Districts. Participants in the program are eligible, for a second five-year contract renewal if approved by the New Orleans City Council. The program is open to all Louisiana businesses and homeowners with existing structures in qualifying locations.

Email tmjackson@nola.gov to RSVP for the information session. Visit www.louisianaeconomicdevelopment.com/page/restoration-tax-abatement for additional information about the program.


WHO:       Mayor’s Office of Economic Development
                  District C Councilmember Kristin Gisleson Palmer

WHAT:      Information session on the Restoration Tax Abatement Program

WHEN:    Tuesday, September 10, 2013
                  5:30 – 6:30 p.m.

WHERE:  Algiers Regional Library
                  Conference Room
                  3014 Holiday Drive
                  New Orleans, LA 70131

 
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Last updated: 9/2/2013 5:15:29 PM

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