FOR IMMEDIATE RELEASE
May 11, 2016
Media Contact: Mary Beth Romig
Director of Communications
New Orleans Redevelopment Authority to Auction 65±Properties
In Citywide Online-Only Auction
The auction is open to the public. Anyone can register to bid on the properties.
NEW ORLEANS, LA - The New Orleans Redevelopment Authority (NORA) is conducting another ONLINE-ONLY auction sale of 65± structures and vacant lots located citywide. Bidding for this auction will begin on Monday, June 13, 2016 at 8:00 AM and end between 12:00 NOON and 8:00 PM on Tuesday, June 14, 2016.
The properties will sell "AS-IS, WHERE-IS" to the highest bidder. Properties are subject to a minimum bid price of $2,500 per property. There will be a Buyers' Seminar on Thursday, June 2, 2016, 7:00 PM at the Dryades YMCA, 2220 Oretha Castle Haley Blvd. Registration begins at 6:30 PM.
On Saturday, June 4, 2016 13 structures will be open for inspection. Please visit www.hilcorealestate.com/NORA for exact times and instructions.
"As with our previous auctions, we continue to receive positive responses to this disposition program. We are excited to make available this next pool of properties through this online auction event," said Jeff Hebert, NORA's Executive Director.
Winning bidders are required to rehab or complete construction on the property within 365 days and keep it code compliant. Bidders may use the property for green space if their property is directly adjacent to the property acquired at the auction.
For more information and to pre-register, please phone Steven Mathis at 504-407-1719 or visit www.hilcorealestate.com/NORA.
The New Orleans Redevelopment Authority is a catalyst for the revitalization of the city, partnering in strategic developments that celebrate the city's neighborhoods and honor its traditions.