New Orleans Real Estate – A “New Louisiana?”

New Orleans Real Estate – Jindal announces a “new Louisiana”

For the second straight month, Louisiana Governor Bobby Jindal opened a special session of the Louisiana Legislature. This session is going to be whole lot more fun than the last one (the first special session focused on ethics reform). The politicians get to figure out how to spend a billion dollar surplus and how to cut taxes. The outcome should, according to Jindal, create a “new Louisiana.”

Jindal basically wants to spend 75% of the billion dollars on roads, bridges, ports, and flood protection. I am a fan of that! The roads in this state can be treacherous. The governor also wants to cut some taxes in a step specifically designed to “eliminate burdensome taxes on our businesses and transform our economic climate.”

How does this effect New Orleans Real Estate? Well some of the money is hopefully going to establishing 100 year flood protection for the Greater New Orleans area. If we get real flood protection I’m sure we will see much more confident buyers in the New Orleans real estate market. We’ll also see some money spent on our roads and bridges. The port container storage expansion investment is a direct benefit to our city. Keep the investment dollars coming Governor!

As always, if you have any questions regarding New Orleans Real Estate give me a call!

You may also be interested in: New Orleans Real Estate – The Definitive Blog

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This New Orleans real estate New Louisiana blog post was provided by Darryl Glade, Realtor with RE/MAX N.O. Properties. Darryl can be reached at darrylglade@remax.net or by phone at 504.451.8960. Darryl’s office is conveniently located in Uptown New Orleans at 8001 Maple Street. Darryl works throughout the Greater New Orleans area including Uptown, Lakeview, Broadmoor, Mid-City, Metairie, Kenner, Westbank, French Quarter, and the Warehouse District.

Click here to view Darryl Glade’s Real Estate Profile.