The impact of Hurricane Katrina on the New Orleans community has been
well documented. Today over 100,000 homes stand uninhabitable,
and thousands of structures will have to be renovated or demolished. Extensive
planning, restructuring, and rebuilding initiatives have been recommended
by thoughtful and respected committees to address the current situation. Given
the fact that the redevelopment initiative must focus on the recovery
of properties and neighborhoods that are significantly damaged, a redevelopment
agency that has the ability to plan, the capacity to finance, and the
authority to acquire property will be essential to the success of the
initiative.
Proposals for the recovery of New Orleans are being developed by a wide variety
of committees and agencies. All acknowledge that while Federal and State input
will be required, implementation will occur at the local level in accordance
with a locally adopted plan. In New Orleans, NORA stands ready to implement the
plans and recommendations that evolve from these committees. NORA proposes
to implement the recommendations that emanate from these broad planning processes
through the adoption of Community Improvement Plans.
With significant bonding capacity and the power of expropriation, NORA can implement
recommended community plans with existing authority. NORA is the only existing
agency with the legislative authority and capacity to implement comprehensive
neighborhood revitalization plans. Given its financial and legislative resources,
NORA will play a central role in planning and implementing comprehensive neighborhood
revitalization.