
By JIM BUTLER
Iconic intersections conjure iconic images:
42nd Street & 7th Avenue – Times Square; 34th & Vine – Love Portion No. 9; Market & Powell – Little cable cars; State & Madison – Cubs, White Sox, the Loop; Hollywood & Vine – Silver screens; And, of course, 3rd & Murray – Guaranty Bank Building.
Alexandria’s “skyscraper” has anchored that spot more than 100 years, on the opposite side of the city government square from the other bookend – Hotel Bentley.
While that institution has made what seems a successful comeback from its deathbed, again, the other centenarian is ailing.
Mayor Jacques Roy noted last week the Guaranty-Hibernia-Capital One-whatever building is a growing concern.
Sold to a Hammond investor in 2017 for about $1.5 million, the 10-story edifice, once a thriving center of commercial activity at a meeting-place corner, is empty and dark, struggling through the effects of a Louisiana summer on non-climatized structures.
Roy said he didn’t know what might need to be done but clearly there’s an issue.
Guaranty Bank was purchased by Hibernia of New Orleans in the mid-1980s on the same day it purchased banks in several other cities following the Legislature’s repeal of the prohibition against multi-parish banking.
Capital One bought Hibernia in 2005, for $5 billion.