Louisiana ArtWorks, the art hub and studio on Howard Avenue financed with public funds, is now under contract for $6.2 million to be sold to the New Orleans Culinary and Hospitality Institute (NOCHI), a non-profit hospitality, culinary, and restaurant school. NOCHI is a collaboration between restaurateurs Ti Martin, Dickie Brennan and Delgado Community College, the University of New Orleans and Tulane University.
The five-story ArtWorks building was supposed to be a huge artist hub, workshop, and studio. Construction was finished but the idea never really came to fruition.
NOCHI estimates it will cost $18 million to renovate the building. Financing will come from a variety of sources, includ tax credits, private dollars, and $9 from Delgado, and $7.2 million in debt from First NBC.