Appeals Court Revives World Trade Center Contract Lawsuit
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’s Katherine Sayre reports 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.