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Council orders RFQ to value Wisner Trust property as members weigh long-term options
Summary
The council unanimously directed staff to issue an RFQ to determine valuation, highest and best use and administration options for Wisner Trust property; members discussed possible use of proceeds for pension liabilities and cultural funds.
The New Orleans City Council voted unanimously Thursday to begin a consultant selection process to value and recommend administration options for property held in the Wisner Trust.
Council members said press reports and public interest made a formal, independent valuation necessary now that the city holds fee simple title. The motion directs the council chief of staff to issue and advertise a…
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