Standing on prime real estate the future of the vacant and some would say dilapidating World Trade Center is up for grabs.
Developers have spent months presenting plans. Three have made it to the home run stretch and were told only one will make it to the finish line as a selection committee makes their pick Tuesday morning.
Out of the three proposed plans two would renovate the existing 33-story skyscraper and one would tear it down.
Gatehouse Capital Corporation plans to redevelop the tower as a W Hotel. The plan also calls for luxury apartments, a John Besh restaurant, a roof top deck, and if possible a Ferris wheel.
James Burch LLC would see most of the World Trade Center converted to hotel space. They also plan to create an open air mall, a revolving lounge, and they have a letter of intent signed by Kermit Ruffins for an upscale music club.
The Tricentennial Consortium plan is backed by several local tourism leaders. It would tear down the building, highlight the riverfront, and create a new park. The plan also leaves room for a monument commemorating the tricentennial and celebrating New Orleans.
The selection committee is expected to make one pick Tuesday morning. They meeting is scheduled for 10am. Once a recommendation is made the final decision lies in the hands of the New Orleans Building Corporation.