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Tax exemptionsA BGR report finds 37% of New Orleans' real estate assessed value, $2.74 billion, was exempt from property taxes in 2025.
A BGR report finds 37% of New Orleans' real estate assessed value, $2.74 billion, was exempt from property taxes in 2025. Taxing all of it at 2025 rates could have generated about $316 million more a year, according to BGR estimates.
News Notes · Today’s editionSource: New Orleans CityBusiness
Omni hotelThe City Council approved a 45-year tax incentive deal for the proposed Omni Hotel near the convention center.
The City Council approved a 45-year tax incentive deal for the proposed Omni Hotel near the convention center. The payment in lieu of taxes agreement, known as PILOT, is based on tax rates at nearby hotels and is projected to bring in about $3 million annually. A council committee had advanced the tax break for the planned $600 million hotel with about 1,000 rooms.
BiocharNew Orleans company Robinson Carbon plans to invest $16M in its first industrial-scale biochar plant at England Airpark near Alexandria.
New Orleans company Robinson Carbon plans to invest $16M in its first industrial-scale biochar plant at England Airpark near Alexandria. The project is expected to create 42 direct jobs and 60 indirect jobs, according to Louisiana Economic Development, and it supports the retention of 22 existing positions. Construction is expected to begin in November 2026, with production starting in the second quarter of 2027.
News Notes · Thursday’s editionSources: NOLA.com, West Central's Best, New Orleans CityBusiness