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With billions of dollars expected from private investors, both foreign and Iraqi, officials and shopkeepers on Rasheed Street suspect that much of the money will end up in the pockets of politicians or connected contractors.
Without the requirement, he contended, the money might be steered to politically connected contractors, a contention the governor, whose administration has been plagued by corruption investigations, called "a cheap shot".
Instead, as a series of news reports by WWL-TV and the New Orleans daily, The Times-Picayune, have revealed, money appears to have gone to politically connected contractors who did little or no work on the houses.
During the height of the Iraq War, the obvious sins of politically connected contractors like Halliburton or Blackwater became a big political issue.
But another huge portion of the money raised in the municipal bond market has gone to support politically connected contractors and other crony capitalists.
Similar(54)
ConstructionDeal.com, which connects contractors with customers, has similarly personalized the shopping experience in order to make relevant promotions and offers, said Aaron Rose, vice president for marketing for the Los Angeles-based site.
BuildZoom connects contractors with remodeling jobs.
San Francisco-based Getable was founded in 2010 to make it easier to connect contractors with the equipment they needed to get a job done.
In terms of core tech, Drozdzynski says that's its matching algorithm for connecting contractors with vacancies (again with a little human input looped in at the end of the process to select candidates from an algorithmic shortlist).
Three years and two rounds of financing later, Houzz has become one of the largest resources for house porn anywhere, a Web site and iPad app that connects architects, contractors and interior designers with homeowners renovating or building a house.
The Internet is a vast collection of linked computer networks that grew out of a government project, Arpanet, that began in the late 1960's with the goal of connecting military contractors and academic institutions.
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