NOLA Business Insider: How New Orleans squandered its 19th century economic power |1 min read
These days, an economic record lesson from Richard Campanella, a geographer with the Tulane University University of Architecture, that has implications for New Orleans leaders today.
In 1829, New Orleans was destined for economic pre-eminence due to the fact of the Mississippi River, to the diploma that Scottish geographer Hugh Murray predicted New Orleans’ geographic rewards would make it “the finest (on the) continent, probably even in the entire world.”
But as Campanella clarifies, business leaders of the working day unsuccessful to diversify the city’s port-primarily based economic climate with factories, squandering alternatives that competing metropolitan areas seized.
Also in the information:
Ability Perform: Entergy has struck a offer to refund $300 million to the condition of Mississippi amid allegations that it soaked ratepayers for inflated prices at its troubled Grand Gulf nuclear electricity plant. It keep on being unsure if Louisiana regulators will opt into the deal.
CAVING IN: A historic constructing in Treme that owners had hoped to renovate into a hotel partially collapsed and city inspectors dread it could cave in even even further. The former Claiborne Theater, which opened there in 1938, experienced been blighted for a long time.
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