- Associated Press - Thursday, December 17, 2015

NEW ORLEANS (AP) - A New Orleans group is tasked with finding billions of dollars in funding to completely rebuild the city’s devastated streets.

The New Orleans Advocate reports (https://bit.ly/1UExr6d) the Fix My Streets Financing Working Group held its first meeting Wednesday. The city plans to completely reconstruct over 1,500 miles of city-owned streets, most of which suffered severe flooding damage after Hurricane Katrina.

The group of engineers, financial experts and residents has to find money for the estimated $9.9 billion project.

A large source of the funding is expected to come from last week’s $1.2 billion settlement with FEMA, but the rest of the funding remains uncertain.

The group, recently created by Mayor Mitch Landrieu, is expected to come up with financing suggestions by early next year.


Information from: The New Orleans Advocate, https://www.neworleansadvocate.com



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