After years of abandonment since Hurricane Katrina and several attempts to redevelop Charity Hospital, it looks like LSU and the LSU Foundation are giving it another shot.
LSU and the LSU Foundation, the university’s fundraising arm, announced plans last week to study highest and best use for the property while the university seeks out a business partner to redevelop the vacant, 20 story, 1,000.000 square foot property.
LSU is conducting two studies. The first is with LSU’s Real Estate and Facilities Foundation, an affiliate of the LSU Foundation, on a comprehensive land-use study of the building, according to a news release. The second is in conjunction with the Urban Land Institute (ULI), a nonprofit education and research institute. The ULI will conduct a comprehensive study and then make recommendations on highest and best in November.
“We look forward to receiving the results of Urban Land Institute’s study and exploring the potential for Charity Hospital to become an exciting hub of downtown development in New Orleans,” LSU President F. King Alexander said in a statement.
Under former Gov. Bobby Jindal’s, the state received several redevelopment proposals, none of which panned out due to both political and financing reasons. Ideas is the past have included Mayor Landrieu’s idea to use it as a new City Hall to Pres Kabaoff’s idea for it to anchor a $1 billion revitalization effort of downtown New Orleans.