Current:Home > FinanceA hurricane-damaged Louisiana skyscraper is set to be demolished Saturday -Wealth Impact Academy
A hurricane-damaged Louisiana skyscraper is set to be demolished Saturday
View
Date:2025-04-27 15:45:18
BATON ROUGE, La. (AP) — An abandoned, 22-story building in Lake Charles, Louisiana — once an icon in the city that became a symbol of destruction from hurricanes Laura and Delta — is scheduled to be demolished Saturday after sitting vacant for nearly four years.
Weather permitting, the implosion of The Hertz Tower will take place around 8 a.m. (CT). The tower is expected to collapse down to four or six stories, according to the city’s website.
The building, formerly known as the Capital One Tower, has been a dominant feature of the city’s skyline for more than four decades. However, after a series of hurricanes ripped through southwest Louisiana in 2020, the building became an eyesore, its windows shattered and covered in shredded tarps.
For years the owners of the building, the Los Angeles-based real estate firm Hertz Investment Group, promised to repair the structure once they settled with their insurance provider Zurich in court, The Advocate reported. The estimated cost of bringing the building back up to code was $167 million. Eventually, the two parties settled for an undisclosed amount.
The demolition is being funded by $7 million in private money secured by the city. Hertz still owns the property and the future of the site is undetermined, according to the city.
Lake Charles Mayor Nic Hunter described the planned implosion of the building as “bittersweet.”
“I know how hard the city tried to work with several development groups to see it saved, but ultimately ... it proved to be too tall a task,” said Hunter, who was in office during the hurricanes. “At this juncture, I am ready for a resolution. It’s been four years. It’s been long enough.”
Lake Charles, which sits on the banks of the Calcasieu River and is a two hours’ drive from Houston, is home to around 80,000 residents. While the city is known for its copious amounts of festivals, bayous, casinos and its Cajun flair, it also has been labeled by the Weather Channel as America’s “most-weather battered city.”
Hurricane Delta crashed ashore in southern Louisiana in October 2020 just six weeks after Laura took a similar, destructive path onto the U.S. Gulf Coast. At the time, Lake Charles was already reeling from damage caused by Laura, which battered roofs, claimed more than 25 lives in the region and left mud and debris filling streets.
The Hertz tower offers an example of the city’s long road to recovery following back-to-back hurricanes that inflicted an estimated $22 billion in damage, according to the National Hurricane Center.
While there are signs of rebuilding and growth in much of Lake Charles, there are still buildings that remain in disarray and residents living in the same conditions as four years ago — waiting for financial relief to rebuild their homes, looking for affordable housing after the hurricanes’ destruction exacerbated the housing crisis or stuck in court with their insurance provider to get a fair payout.
veryGood! (69)
Related
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- T-Mobile to buy almost all of U.S Cellular in deal worth $4.4 billion with debt
- Nissan warns owners of older vehicles not to drive them due to risk of exploding air bag inflators
- The Best Bikini Trimmers for Easy Touch-Ups and Silky Smooth, Summer-Ready Skin
- $73.5M beach replenishment project starts in January at Jersey Shore
- Pope apologizes after being quoted using vulgar term about gay men in talk about ban on gay priests
- Citizen archivists are helping reveal the untold stories of Revolutionary War veterans
- Richard Dreyfuss' remarks about women and diversity prompt Massachusetts venue to apologize
- Don't let hackers fool you with a 'scam
- Kareem Abdul-Jabbar pays tribute to Bill Walton in touching statement: 'He was the best of us'
Ranking
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Ryan Phillippe gives shout-out to ex-wife Reese Witherspoon in throwback photo: 'We were hot'
- Albert Ruddy, Oscar-winning producer of The Godfather, dies at 94
- How facial recognition technology is transforming travel efficiency and security
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- OpenAI CEO Sam Altman joins Giving Pledge, focusing his money on tech that ‘helps create abundance’
- Knives Out 3 Cast Revealed: Here's Who Is Joining Daniel Craig in the Netflix Murder Mystery
- Hoda Kotb, Jenna Bush Hager can't stop giggling about hot rodent boyfriend trend on 'Today'
Recommendation
Questlove charts 50 years of SNL musical hits (and misses)
Jan. 6 officers to campaign for Biden in battleground states
Josh Gibson becomes MLB career and season batting leader as Negro Leagues statistics incorporated
22 are dead across the US after weekend tornadoes. More storms may be in store
Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
These are the best small and midsize pickup trucks to buy in 2024
Three people shot to death in tiny South Dakota town; former mayor charged
Brittany Cartwright Claps Back at Comments on Well-Being of Her and Jax Taylor's Son Cruz