Tuesday, August 14, 2007

Tale of Two Towers

The two buildings in the picture are in stark contrast. In the foreground is the Energy Center. Though it suffered damages in the hurricane, it is back in full swing. The 39-story building is the 4th tallest in New Orleans. The building built in 1984 has stunning views of the Mississippi River from its bay windows.

The tower on the right however has a different tale. The Crescent City Towers (formerly the Plaza Towers) was for four years the highest building in New Orleans (1969-1972). It has fallen on hard times. It has been unused since 2002. A couple years ago, it was proposed to turn the building into residences (Crescent City Residences) but the $134 million plan fell apart when the development group could not reach a deal it wanted with the city to capture part of the tax dollars the project would generate. The 45-story building was recently auctioned for $583,000 to Plainfield Direct Inc., the Cayman Island bank which held the note on the building. The amount was enough to cover taxes due on the property.

--steve buser

6 comments:

Sinuhe said...

Nice! I agree with you!

Jules said...

This building is beautiful and your post interesting Steve.

I can't help but compare this building with mine yesterday - world's apart aren't they??

Marie said...

American buildings are so impressive. I am not crazy about modern architecture though. Your photo is very beautiful.

GMG said...

Yesterday many were talking Weather; today it seems Millions took the lead as main subject...
Great picture anyhow.
Thanks for your visit to Blogtrotter.

kegler747 said...

Cool pictures here in your blog. I already miss the sun because its raining here in Manila for 2 days already :(

Neva said...

hmmm...so the shorter one will still sit empty? or at least until someone else wants to do something to it...seems a shame... oh well..life in the big city.