Friday, September 09, 2005


Trump still committed to N.O. project

6:45 p.m., Wednesday

By Greg Thomas
Real estate writer

As the city of New Orleans trembles in the aftermath of Hurricane Katrina, Florida developers said Wednesday that one thing is certain: the $200 million Trump International Hotel & Tower will be built on Poydras Street.

"We're in this with you guys,'' Donald Trump Jr. said Wednesday. "But our sentiment right now is that it's inappropriate to talk business (at a time) with such a great loss of life,'' he said.

But Trump said that The Trump Group is committed to the project and that when the time is ripe -- when rescues are complete and when the city is in more of a recovery mode -- they will willingly talk about their developing plans.

"Of course we're still interested. We'll talk when it’s appropriate, when it’s beneficial to work ourselves back into the game,” Trump said.

“Yes, it’s a go,’’ said development partner Frederick Levin. “It’s just a question of when.’’
Levin’s brother Clifford Mowe and partner Robert Rinke, doing business as Poydras LLC, said The Trump Group showed no reservations about moving forward, but stressed that the timetable is now uncertain.

“There’s no doubt about’’ the one million square foot project, which will include retail, hotel and condominium space, Mowe said.

The development, which will be constructed on an empty parking lot between Camp and Magazine streets, would be one of the largest new high-rise construction projects in the city in more than 25 years.

“It’s going to be a delay before the project can be marketed,’’ Mowe said. “But the city is going to come back stronger than ever,’’ and Mowe’s team plans to play a major role in its reconstruction.

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