Downtown Sees $566,000,000 of Investment In 2018

by • March 12, 2019 • NewsComments (0)2440

According to our friends at the Downtown Development District, permits for $566,877,871 worth of construction were issued by the City of New Orleans for Downtown construction projects in 2018.

This represents 316 individual projects, with Canal Street projects representing $300,284,483 of the total. This is a 35% increase over 2017’s 308 permits that were valued at $419,593,490.

“Half a billion dollars in a single year is impressive no matter how you stack it, especially when you consider that this figure represents construction alone,” said DDD President & CEO Kurt Weigle. “This amount of construction spending is generally accompanied by well over $100 million of soft cost spending on items like architecture, engineering, legal, financial and other services before construction starts. This is the untold story. Downtown neighborhoods continue their impressive growth, and the DDD is honored to play its part to grow jobs, wealth and tax base for New Orleans.”

Some of the projects include:

Check out more details from the Downtown Development District.

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