NEW ORLEANS (AP) - A lawsuit over future development of the riverfront World Trade Center building has been restored by a state appeals court after a judge dismissed the case.
NOLA.com/The Times-Picayune reports (https://bit.ly/2cDmDb4) the Fourth Circuit Court of Appeals ruled Friday that Orleans Civil District Judge Tiffany Chase should not have required a company bringing the lawsuit to post $750,000 in security before going to trial in October.
The city selected a development team led by Carpenter & Co. and Woodward Interests to lease and renovate the vacant 33-story tower into a $360 million Four Seasons hotel and condos.
A losing bidder on the lease, Two Canal Street Investors, sought to block that deal and filed a lawsuit in April 2015.
An attorney for Two Canal Street Investors said they are looking forward to a trial on the merits.
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Information from: The Times-Picayune, https://www.nola.com
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