NoLa's Superblock, Mega-Hospital Hits Snag in Development
Plans for the development of LSU's University Medical Center superblock site have hit a considerable snag, as JP Morgan Chase & the hospital governing board have pulled their application for federal mortgage financing. Without backing via HUD/FHA Section 242 Mortgage Insurance, it seems as if LSU's grand plans are headed back to the drawing board.
This proves another chance to achieve the right-sized redevelopment needed in the area, that can be further helped by the teardown of the Claiborne Expressway.
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