Read more GO Zone stories on Newserhttp://www.newser.com/taggrid/9103/go-zone.htmlhttp://img1-cdn.newser.com/images/newser-black250x40.gifhttp://www.newser.com/2012 - Newseren-usNewser Feed GeneratorSat, 26 May 2012 11:31:52 CDThttp://www.newser.com/story/5795/katrina-tax-breaks-pay-for-luxury-condos.htmlJanice Eisen<img src='http://img2-cdn.newser.com/getimage.aspx?mediaid=19345&width=45&height=45&crop=Y&updateddate=20110401033204' border='0' />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 million, are flourishing while much of...A construction crew works on a new condominium complex near the University of Alabama campus, Wednesday, July 18, 2007 in Tuscaloosa, Ala. With large swaths of the Gulf Coast still in ruins from Hurricane Katrina, rich federal tax breaks designed to spur rebuilding are flowing hundreds of miles inland to investors who are buying up luxury condos near the University of Alabama. (AP Photo/Rob Carr)http://www.newser.com/story/5795/katrina-tax-breaks-pay-for-luxury-condos.htmlMon, 13 Aug 2007 21:56:05 CDT