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New Orleans August 2006

New Orleans August 2006. Perspectives on Recovery. Pre-Katrina. In the summer of 2005, New Orleans had A resident population of 455,000 215,000 housing units A viable Central Business District A thriving medical community A successful convention industry

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New Orleans August 2006

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  1. New OrleansAugust 2006 Perspectives on Recovery

  2. Pre-Katrina • In the summer of 2005, New Orleans had • A resident population of 455,000 • 215,000 housing units • A viable Central Business District • A thriving medical community • A successful convention industry • The City’s infrastructure adequately supported both the residents and businesses

  3. Katrina’s Impact • The City was flooded and the floodwaters remained for weeks • Virtually all of our 454,000 residents were dispersed • many to communities foreign to our culture • Of our 188,251 occupied housing units, 134,344 sustained reportable damage • 105,155 were classified as major or severely damaged

  4. Katrina’s Impact • Our economy was brought to a standstill • over 50% of our businesses were in areas that flooded by more than 2 feet of water • Infrastructure was severely impacted • Our school system was virtually destroyed • Our criminal justice system was rendered inoperable • Our health care system was decimated

  5. Population • Over 335,000 residents lived in areas that sustained flooding of 2 feet or more • Today, we have a resident population of about 230,000 • approximately 50% of pre storm levels • slightly different demographic profile • In contrast, the metro area is at over 80% of its pre-storm population

  6. Housing • The city received the brunt of the storm • Over 57% of all major and severe damage reported in Louisiana was in Orleans Parish • Over 134,000 (70% plus) of our occupied housing units had a reportable level of damage • Over 108,700 housing units were in areas with more than 4 feet of flooding • Over 105,000 occupied units were classified as having either Major or Severe damage • There was over $14 billion in damage to residential property in Orleans Parish • A majority of rental stock and work force housing was lost

  7. Economy • Over 50% of the businesses in New Orleans were located in areas that were flooded by 2 feet or more of water • While impacted, our major economic generators were not as severely damaged as our residential areas • Sales tax collections are at 75% of pre-storm levels in the city • Major industries are rebounding • tourism and convention industries are recovering • the Port of New Orleans is approaching pre-storm cargo volumes • Metro area employment is at 70% of pre-storm level

  8. Infrastructure • More than 169 miles of levees and over 20 breaches have been repaired since the storm • All utility systems sustained heavy damage • Primary utility service is available in all but the hardest hit areas of the city • - Over 45% of the pre-storm electricity accounts on the east bank are currently active • While heavily damaged, all major transportation facilities are functioning • While limited, street cars and buses have been returned to service • Passenger volume at LANOIA is at two-thirds of pre-Katrina levels

  9. Health Care • Our health care system was decimated by the storm • While recovering, hospital capacity in the city is very limited • Four of our ten pre-storm hospitals are operational today • We have lost as many as one half of our physicians and health care professionals • LSUHSC and Tulane medicals schools have reopened in New Orleans • Major investments are being made to rebuild and renew our medical facilities • LSUHSC and the VA have announced plans to invest over $1.2 billion in a major new downtown medical center • Ochsner Health Systems has acquired three shuttered hospital facilities in the area and plans to restore service

  10. Education • Orleans Parish public schools were nearly destroyed • 106 of the 126 (84%) of the public schools in Orleans Parish were severely damaged by Katrina • 56 facilities will be ready to host an estimated 25,000 returning students this fall. Prior to Katrina, the system had approximately 62,000 students • Public education in the city has been reshaped to improve results and to offer parents choices for their children. • Private and parochial school enrollment this fall is expected to be at 70% of pre-storm levels. • Colleges and universities in the city are reporting enrollment of 75% of pre-storm levels.

  11. Criminal Justice • Every aspect of the justice system was impacted by Katrina • All civil and criminal court operations were suspended for weeks • While all courts are currently operational, their capacity is severely limited. • The DA’s office is operating with limited staff and resources • Property and evidence storage areas were flooded and a major restoration effort is in progess • Approximately 1,300 of NOPD’s 1,670 officers have returned to service • Louisiana State Police and the Louisiana National Guard are reinforcing NOPD’s presence in selected areas of the City

  12. Market Driven Recovery • The recovery will be market driven – there are no silver bullets or simple solutions • The success of the recovery will be measured by the willingness of residents, businesses, and institutions to invest in our city. • The recovery of New Orleans is crucial • To the metropolitan area • To south Louisiana • The state • The nation

  13. Three Phases of Recovery • Primary Infrastructure • Governmental Facilities • Primary Services • Community Investment • Economic Development • Commercial Investment • Third Party Investment in Housing • Individual Commitment • Residents Return to Neighborhoods • Commercial Activity Resumes

  14. A Self-Sustaining Cycle • Recovery begins with the infrastructure and is followed by investment and commitment – supply and demand. • As consumption grows in the third phase, funds (taxes) required to support primary services and facilities are generated and market opportunity (demand) is created for the benefit and expansion of the community • The cycle is sequential – each element reinforces the other.

  15. Federal Commitment • The federal government has committed significant funds to rebuilding New Orleans and Louisiana • 10.4 billion in CDBG funds • 2.0 billion in Hazard Mitigation funds • 5.2 billion for levee protection • 2.8 billion for transportation infrastructure • 1.1 billion for education • Over 3.3 billion in direct FEMA aid to individuals in Louisiana • $8 billion in federal tax and bond incentives through the Gulf Opportunity Zone Act of 2005

  16. Sales Tax Collections • Sales tax collections are up throughout the area and showing definite signs of recovery. • Jefferson Parish – up 42% • Unincorporated St. Tammany Parish – up 56% • Mandeville – up 31% • New Orleans – at 78% of pre-storm levels • Tangipahoa Parish – up 40% • Livingston Parish – up 29% • The area has the capacity to support increased commercial activity which is essential to the recovery.

  17. The Metropolitan Area • Prior to Katrina, the population of Metro New Orleans was about 1,400,000. By January 1, 2007, the population is expected to be 1,200,000. • There will be a redistribution of the residents within the area.

  18. Quality of Life • Cultural traditions are intact • Over 350,000 visitors attended Mardi Gras in February, 2006 • The New Orleans Jazz and Heritage Festival held in late April and early May was a success by all standards. • City elections were active • Over 113,000 residents voted • While the City’s population was less than 50% of its size in 2002, 83% of the number of votes cast in 2002 were cast in 2006 • African-Americans cast over 55% of all votes • Our professional teams are committed to the City’s future • The Superdome has been repaired and will host the New Orleans Saints’ first home game on September 25, 2006 • Season ticket sales for the Saints are at an all time high • The Hornets will play in the Arena in 2006 and return in full for the 2007 season.

  19. The Recovery will be Successful • While the loss caused by Katrina is great, there is “critical” mass within the region. Less than fifteen percent of the MSA population will not have returned within a year. • Recovery initiatives will prove to be a major economic catalyst – more than $100 billion will be reinvested in the region over the next 5 years. More of an investment than contemplated prior to Katrina. • Commitment and will of our people

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