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Appeals court revives World Trade Center contract lawsuit

2 months 1 week 1 day ago September 26, 2016 Sep 26, 2016 Monday, September 26 2016 September 26, 2016 9:16 AM in News
Source: Associated Press
By: AP News

NEW ORLEANS - 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.

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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