The city's agreement with Troy Henry's development company to turn Six Flags into.. well... first into some warehouses and then maybe some other things later is, get this, behind schedule.
City officials said Tuesday that talks with the New Orleans Redevelopment Authority, which redevelops derelict properties, to take ownership have taken longer than expected. The Industrial Development Board has owned and maintained the site since 2009, but wants to dispose of it to save on maintenance costs exceeding $200,000 annually.
Seems like a straightforward sort of transfer between these governmental (or quasi-governmental) bodies. But nothing is ever straightforward around here. What is going on? Well, you know, real estate stuff, apparently.
In a brief interview, Schwartz said agreements between the administration and the two development agencies are in final drafts, and said discussions are over “typical real estate terms.” He declined to go into detail.
No idea why they can't tell us more. But just know that it's all very normal.
NORA Executive Director Brenda Breaux agreed the negotiations are over routine matters, but declined to provide details.“These are normal agreements that require us to sit down and work with one another, and I’m expecting to be able to work through this,” Breaux said, adding that lease negotiations with Bayou Phoenix cannot proceed until the ownership agreement is complete.
Although maybe "normal" isn't the most reassuring state of affairs at this point.
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