$200Mln Condo Project Proposed for New Orleans

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A Nevada firm has proposed a $200 million hotel/condo project for the New Orleans waterfront, the most expensive proposal for the area since Hurricane Katrina. The firm, Atlantis Internet Group, which has interests in Internet gambling sites, says it intends to develop the property using private capital. The project would consist of a 95-room building, 60 townhomes and a variety of other amenities.