Is the type of development recommended by The Mid-City Plan economically viable?
Yes. The high price of housing in post-Katrina New Orleans tells us there will be strong demand for a heavily residential mixed-use development (i.e. small- to medium-scale retail with living spaces above and adjacent) in the area sought by Victory. And, over the long-term, housing in this area would have the advantage of proximity to convenient shopping, to City Park, to the Bayou, to the streetcar and to the beauty of the Lafitte Corridor Greenway, making it a highly desirable address and keeping property values high.
