The long-stalled River District project, a planned mixed-use neighborhood on 47 acres of New Orleans riverfront controlled by the Ernest N. Morial Convention Center, is back on track after the project’s developer and the Convention Center board agreed to a revised deal.
The agreement, which was approved by board members on Wednesday, gives the Convention Center control over more parcels of land while shifting more of the financial burden for the project to the state-controlled agency. It also clears a path for hundreds of new apartments, potentially on the property once slated for a Top Golf driving range.
Only a few months ago, the entire project was thrown into question after the development group, River District Neighborhood Investors, known as RDNI, led by Louis Lauricella, backed out of talks with the Convention Center after missing performance and payment deadlines…