-->

Friday, March 10, 2023

Commercial STRs in the queue now

After a decade of dealing with this, we have reached the point now where City Councilmembers can no longer pretend they do not understand the problem. But they can still pretend they are trying to do something about it. Until they don't. 

The New Orleans City Council on Thursday took another step to rein in short-term rental permits in commercial areas, passing a temporary ban along some busy corridors abutting residential neighborhoods.

The motion, which passed unanimously, aims to close a loophole that critics say lets investors build what are essentially hotel suites next door to full-time residents. It prohibits renewal for a more than one quarter of the New Orleans' 1,200 commercial short-term permits, although permitting officials said they will make exceptions for those issued within the past six months.

It's the same process as what is happening now with residential STRs.  The new regs will inevitably grandfather in everything that currently exists and create new language by which the problem can continue to expand even as councilmembers claim to be "reining it in." Then in another couple of years we will "discover" that the new system is still bad and tweak it some more.. but grandfather in the next batch, of course. Repeat forever. Or at least until nobody actually lives here. 

No comments: