After months of heated debate over the city’s plan to relocate New Orleans residents from a toxic site, the appraiser charged with valuing the buyouts pledged to share his results publicly next week.
Even before the pandemic and Hurricane Ida, the city was experiencing an affordability crisis. But the pressures of the last few years have made the situation worse, according to HousingNOLA.
For months, residents of the development built atop a toxic landfall have pressed city officials and contractors to use a metric known as “replacement cost” for determining how much the city will pay them out. They argue that other, more traditional appraisal metrics would be discriminatory.
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