Status
Closed
Closing Date
July 2010
Location
New Orleans, Louisiana
QEI
$4.5M ($20M Project)
Description of QALICB
The Audubon Building is an eight-story building constructed in 1909 and formerly used as an office building. The building will be repurposed to a 166-room hotel. Audubon is located in a highly distressed area of downtown New Orleans, LA. The property is within the boundaries of the Canal and Burgundy district of New Orleans bordering the French Quarter.
Community Benefits
This hotel has become the cornerstone of a major revitalization program in the area. Since the start of the project, it has created hundreds of construction jobs and permanent jobs. Audubon’s commitment to hiring the bulk of its employees from the surrounding low-income community was a key factor in its approval. By renovating this formerly abandoned building, Audubon served as the catalyst for significant additional reinvestment in the area. Today, Audubon has become a local landmark, a key anchor of the reinvestment zone, and a source of significant local and state revenue.