The first new public park to be made in New Orleans in the last 20 years is underway after a film production company went bankrupt, leaving the Trust for Public Land to bid for it.  The park-building project is expected to cost approximately $3.8 million and it will be 18 acres large.  The park is being built along the Lafitte Corridor in the Mid-City neighborhood of New Orleans.  A community development block grant is funding the build.

The Louisiana Institute of Film Technology went bankrupt after the man who headed the organization was sentenced to five years in prison starting in April.   He was sentenced for allegedly being involved in a scheme to bribe the former Louisiana film commissioner in exchange for movie tax credits. The property was purchased by the Trust for Public land after bankruptcy proceedings concluded.

If you are considering filing your company for bankruptcy, trust the competent and professional New Orleans bankruptcy attorneys of the Law Offices of Kervin & Young, L.L.C.  Contact them by calling 504-599-5906 today.