Mayor Landrieu Announces Working Group to Address City’s Long-Term Infrastructure Needs

NEW ORLEANS – December 01, 2015 – (RealEstateRama) — Mayor Mitch Landrieu joined City leaders, residents and subject matter experts to announce a working group to help find solutions to the City of New Orleans’ long-term infrastructure needs. Established by Executive Order by Mayor Landrieu, the Fix My Streets Financing Working Group has been charged with developing recommendations about how the City can pay for interior street repairs.

CITY’S LONG-TERM INFRASTRUCTURE NEEDS

Prior to Hurricane Katrina, about one-third of City streets were rated in fair or worse condition and even more streets are in worse condition today. From past research and reports from groups like the Bureau of Governmental Research, the City estimates that an additional $9.3 billion is needed over the next twenty to thirty years to completely reconstruct the City’s streets and subsurface infrastructure, as well as to maintain streets in fair or better condition.

PROGRESS UNDER MAYOR LANDRIEU

Prior to Hurricane Katrina, the City completed $16 million in roadway capital improvements and $2-3 million in roadway maintenance in a typical year. Following Hurricane Katrina, the City has completed on average $34 million in roadway capital improvements and $1-2.5 million in roadway repairs.

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