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Katrina Tax Breaks Pay for Luxury Condos

Incentives for rebuilding are buying $1M units in Tuscaloosa, 200 miles from coast

By Janice Eisen,  Newser User

Posted Aug 13, 2007 9:56 PM CDT

(Newser) – Investors are using federal tax breaks designed to stimulate rebuilding after Hurricane Katrina to buy luxury condos being built near the University of Alabama’s football stadium, 200 miles from the coast, the AP reports. The Tuscaloosa developments, where units go for up to $1...   Read full story »

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Hurricane Katrina • taxes • Louisiana • homes • natural disaster • Tuscaloosa • University of Alabama • GO Zone • rebuild • house • condominium

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