NoLa's Superblock, Mega-Hospital Hits Snag in Development

Submitted by Ben Schulman on Fri, 07/08/2011 - 5:17pm

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.

Read the full article and latest on LSU's folly here.

 

 

»

Comments

.

Submitted by Ben Schulman on Fri, 07/08/2011 - 5:17pm.

.

»

Comments

Write your comments in the box below and share on your Facebook!