World Trade Center New Orleans
Backstory and Context
In the years following the closing of the “360” cocktail lounge, various plans emerged regarding the next step for the former World Trade Center New Orleans building. The “Save WTC NOLA” group campaigned let the building stay at the foot of Canal Street and pushed for renovation rather than demolition, while others in the city campaigned to have the building demolished, some including plans to build a park and landmark to the city in its place.
In 2013, after a competition between organizations, including James H. Burch LLC of Clifton, Va., and the Tercentennial Consortium, The New Orleans Building Corporation voted to enter into lease negotiations with Dallas-based Gatehouse Capital Corp. Gatehouse Capital Corp. has produced artists renderings that depict the former World Trade Center building as a 245-room W Hotel with rental apartments on the upper floors. As of 2016, a development group has said they're ready to move forward with a $360 million Four Seasons 350-room hotel and 76 hotel-serviced condos at the 33-story former World Trade Center building at the foot of Canal Street, which sits vacant for now.
After World War II, New Orleans businessman Clay Shaw returned to New Orleans where he became a founder of the International Trade Mart. From 1947 to his retirement in 1965, Shaw ran the Trade Mart as a managing director. The World Trade Mart was chartered in 1945, first opened its doors in 1948, and in 1985, merged with International House to form the World Trade Center New Orleans, a private, non-profit organization with a membership of 2,000 corporations and individuals dedicated to improving trade with New Orleans.
Like its predecessor organizations, the WTC continues to sponsor trade missions to Latin American and Caribbean nations to conduct a variety of educational programs, conferences, seminars, and trade shows and to host dignitaries and other visitors from New Orleans' trade partner nations. The WTC's work is conducted from its 33-story headquarters at the foot of Canal Street.
Trade expansionists advanced their cause further by forming the International Trade Mart (ITM). They intended that IH (International House) and ITM would complement each other and together would form the international program's foundation. The mart satisfied a longstanding ambition for an institution that could exhibit commodities and could provide a setting where buyer and seller could meet easily in New Orleans.
Since the city lacked a manufacturing base, buyers from, say, Mexico might—absent a mart in New Orleans—travel to, say, Toledo to purchase steel or glass. The resulting trade might well bypass New Orleans. But the mart, thought trade expansionists, would maximize the port's chances of handling this trade.
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