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Originally Posted by Blitzen
https://www.nola.com/article_a84238c...bb51833c8.html
This is really sad if it comes to ends up happening. LSU’s logic also doesn’t make sense. They explain that it’s cheaper to demolish than to renovate, but they don’t factor the potential profit a renovated building could bring in if leased as a hotel or apartment developer, especially if it’s restored with historic tax credits.
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Historic buildings are extremely expensive to renovate. It may very well be more profitable to tear it down and start anew than to renovate the existing structure into a hotel or apartment. Profit isn't everything, thankfully. I hope the city or another party steps in to renovate the structure but make no mistake it will take a lot of outside dollars to make it happen.