Building materials are not the only thing that matter.
There are also other factors that come into play.
In this case, the city is asking residents to weigh in on the value of buildings, especially the value they give to their communities.
According to the project, the new guidelines include two levels of factors that will be weighed in on as well: the impact of land value and the quality of construction.
The first level is a land value assessment.
This involves looking at the cost of the land itself, how much it could be used for other purposes, and the impact that would have on the community.
The second level, the Quality of Construction, looks at the quality and design of the building.
This is how much the city expects to be able to offer in incentives for building and renovation projects.
If a building is judged to be of high value, residents will be able choose between a 1.5% rebate and a 5% discount on construction and renovation.
The city will also be giving $1.50 to every $100 invested in a new building.
“This is a huge win for the community,” Mayor Mitch Landrieu said in a statement.
“It’s a win for all of us who live in these communities, and it’s a winning win for our city.”