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Monday, April 15, 2024

Meanwhile, at Dracula's castle

Nothing is happening and no one is getting paid
More than six months after a new development team was brought in to help jumpstart the stalled redevelopment of the former Charity Hospital building in downtown New Orleans, the project remains in limbo with unpaid bills to its architect, contractor and other vendors that total at least $5.7 million.

Public documents show three liens and a lawsuit have been filed against 1532 Tulane Partners, a consortium led by local apartment developer Joseph Stebbins and Israeli financier Yoel Shargian that was awarded the rights to the Tulane Avenue building in 2018. 

The article goes on to itemize the liens but can't get any comments from the firms filing them. The paper did manage to get in touch with ex-NOPD Marlon Defillo who is suing over $190,000 he says the project owes him for "security consulting." He offers up some famous last words here. 

“Each time we would ask for payment, they would say, it’s coming,” said Defillo, a former assistant chief with the New Orleans Police Department. “Believing this is a state-owned building, I thought, how could things go wrong?” 

Anyway, on the last episode of Dracula's Castle back in January, we learned that Tulane had brought in The Domain Companies as a partner. Presumably the object there was to re-jigger the "state-owned building" in a way that placed even more emphasis on private profits from luxury condos and short term rentals than had already crept in. Which is weird since a few blocks away on Poydras, they're moving public entities like the police department into a privately owned building over there. Whatever you gotta do to shake the money out, I guess.

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