Through strategic, persistent and well-organized advocacy, long-standing neighborhood issues like blighted housing can be resolved. Just as Freret Street blossomed after Hurricane Katrina, Head considers LaSalle Street around the Dew Drop Inn as the next “hot” area for redevelopment.It was just last month, however, that we learned that the latest attempt to develop the venue has failed. Maybe Stacy means that makes it "hot" now for an opportunistic and well capitalized investor to swoop in now. I don't actually think it would be Sidney in this case. But I did mention in that post that there is a "cultural overlay" district on LaSalle Street there. This is probably what Stacy is thinking about. More importantly, though, the "opportunity zone" rules look like a tax shelter scam for parked money.
So it's possible that we could see "investment" in the area that drives up land values without actually creating anything. That's "hot" as hell.
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