ouisiana- The city of New Orleans expects to spend $15 million to convert Esplanade Avenue and Gov. Nicholls Street wharves into the final major piece of a 3.2-mile-long Tricentennial Park consisting of a variety of riverfront projects. The city swapped the Public Belt Railroad to the Port of New Orleans in exchange for the two commercial wharves. The agreement between the Public Belt Railroad and the port, directs the port to work toward the creation of an economic development district that would include the riverfront from Spanish Plaza to Bywater, but exclude any port facility within that area, such as the cruise ship terminal at the downriver end of Bywater.
While the plan for now, calls for mostly open park space along the riverfront, the city is not ruling out the possibility for revenue generating facilities. A proposal is in place to create an economic development district that would cover the area, allowing the city to gain additional revenue from any attractions that may be built there.
Other parts of the overall riverfront redevelopment include a new $37 million ferry terminal at the foot of Canal Street, a $7.3 million pedestrian bridge to the terminal over the Public Belt Railroad tracks, a $400 million redevelopment of the World Trade Center into a hotel and condos and a $7.5 million refurbishment of Spanish Plaza. The series of projects will be completed over the next several years