The New York City-based New Orleans tourism board says it has warned of a $3.7 billion price-tag for its planned additions to the tourism industry, as it works to lure back a host of attractions, including some that were removed from the schedule because of Hurricane Katrina.
The board, which oversees the city’s historic district, unveiled its 2018 fiscal year budget on Monday.
Among the projects it outlined were a $1.2 billion “Grand Canyon of the Gods,” a $2.6 billion “Pelican House,” a nearly $1 billion “Bastille Day” exhibit, $2 billion a “Famous 20th Anniversary” event and an $837 million expansion of the French Quarter and other areas.
New Orleans also plans to spend $1 million for a new theater and $2 million on a new hotel.
The city plans to build more than 400 hotels by 2020, including the Grand Hyatt and the New Orleans Convention Center.
Among other projects the board said it plans to fund are a $500 million “Mardi Gras Parade” parade and a $750 million “Bistro” event at the Convention Center, the board’s budget said.
It also outlined plans to bring back the Grand Avenue streetcar, a project that has been under construction since 2012.
New York Mayor Bill de Blasio has long argued that the city should spend billions to lure visitors to the city and attract new businesses to New Orleans.
The New Year’s Eve parade is expected to draw crowds of about 150,000 people, and New Orleans will host the 2018 World Series.
The tourism board is not the only entity with a fiscal year 2018 budget that includes money for new projects.
New Jersey’s Department of Transportation is slated to spend about $1,600 million on projects to upgrade and upgrade infrastructure and add new public transit services.
The U.S. Army Corps of Engineers has been authorized to spend more than $4.5 billion to shore up levees, repair roads and bridges, and restore public safety and environmental resources in Louisiana.
A new U.N. climate change conference is scheduled for April 3 in New Orleans, which is expected with other big events like the French Festival of Lights, which celebrates French and European culture.
The next fiscal year is expected be an extremely busy one, with a number of projects expected to come online in 2019.