Welcome again from the prolonged weekend. We have obtained a bunch of stories these days to get you up to speed on what is actually going on in New Orleans company.
First up, we examine in on the New Orleans-place housing industry. Household true estate has been on fire through considerably of the pandemic, with soaring prices and quick offers. But agents say surging insurance coverage and mortgage premiums are flashing warning signs for sellers, for the reason that some customers can’t deal with the growing charges.
In other news:
STORM HUBS: Could a network of community hubs wherever men and women could consider refuge just after hurricanes be in New Orleans’ long run? Nearby architects believe so. Reporter Mike Smith clarifies how these public spaces could turn out to be arks in the flood as our location faces the threat of intensifying storms.
Electrical power Perform: Entergy New Orleans unveiled a $1.3 billion greenback plan to harden its electricity grid and lessen power outages like the 1 that retained a lot of the town in the darkish just after Hurricane Ida final year. Guess who’s on the hook for the price tag…
Here TO Stay: The Essence Festival of Tradition and the metropolis of New Orleans are “are embedded and born together,” stated Essence CEO Caroline Wanga, who vowed the July occasion will by no means depart the metropolis.
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