Bill > SR72

This resolution commends the Downtown Development District (DDD) of New Orleans on its 50th anniversary, recognizing its significance as the nation's first assessment-based business improvement district (BID). Created by the Louisiana State Legislature in 1974, the DDD was pioneering in its approach to urban development, focusing on enhancing downtown services through economic development, public safety, and strategic improvements. Governed by an eleven-member board appointed by local officials, the DDD operates within a specific service area bounded by Iberville Street, the Pontchartrain Expressway, Claiborne Avenue, and the Mississippi River. Over its five decades, the organization has led transformative projects like a seventeen-million-dollar Canal Street streetscape initiative and has successfully issued bonds to support capital improvements. The DDD's vision is to develop downtown New Orleans as a vibrant, inclusive hub that attracts residents, businesses, and visitors while preserving its unique cultural and architectural heritage. By supporting industries like biosciences, digital media, and the arts, the DDD has helped position downtown New Orleans as a dynamic and innovative urban center.

https://www.legis.la.gov/legis/BillInfo.aspx?s=25rs&b=SR72&sbi=y