![]() ![]() If they abort, the process starts over again.” That assumes that the buyer will move forward after they complete their. A will take 30-60 days before the 150 starts. ![]() “At best this is a 150-day process that starts once a is signed. “Once an acceptable purchase agreement is reached, there will be an agreed-upon timeline for due diligence, a firm deposit, and an acceptable close date,” Jaeger said in a statement to Fox 8. But owner Joe Jaeger said he is nearing the finalization of a purchase agreement to finally sell the derelict tower for redevelopment.Īccording to Jaeger, there have been “more than one” parties who have expressed interest, as he seeks to unload the property following years of stalled development talks. NEW ORLEANS (WVUE) - Decrepit, abandoned, and blighted are just some of the words local officials have used to describe Plaza Tower.
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