Market Street in the news

Market Street Power Plant, Franck Studios Photo from the 1940s

Da Paper reported this week on proceedings in bankruptcy court concerning the Market Street Plant. The property was originally owned by New Orleans Public Service, Incorporated (NOPSI), and passed to Entergy New Orleans. Market Street generated the 600VDC power used by the city's streetcar system for over sixty years. NOPSI shut down the plant in 1973, and it's been a dormant industrial site ever since.

Entergy New Orleans sold off the plant as part of its post-K bankruptcy re-organization. The sale has been complicated by a number of players, so nothing on the project has gone forward. Given that this week's losers plan to appeal the bankruptcy judge's decision, it's uncertain whether plans to develop Market Street into retail space by the 2013 Super Bowl will materialize.