New Orleans auctioning off vacant land online
City selling almost 1,800 properties to raise tax revenue; bidding to start at US$3,000 in most cases
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New Orleans
NEW Orleans is selling almost 1,800 properties on the Web to fatten its tax coffers and build on the momentum it's enjoying in the local real estate market.
The question is, who's going to show up for the online auction, and what are they going to do with the lots they buy?
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