Louisiana 23 Development Company was established to respond to the need for developing port and marine infrastructure through alternative finance and funding from conventional and previous projects in the region.
The Plaquemines Port Harbor and Terminal District (PPHTD) published a Master Plan in 2009 that called for the construction of a global port facility along the first 100 miles of the Mississippi River. The Master Plan details the geographic relevance, economic influence, and potential job creation to support the future increase in cargo through the Gulf of Mexico due to the expansion of the Panama Canal and increase in global transportation vessels.
The development of the PPHTD Master Plan is being coordinated as a Public Private Partnership (PPP), where PPHTD serves as the landlord of an over 9.000 acre facility. LA23 and its financial partners provide alternative funding and manage the identification, permitting, and initial engineering design. This philosophy allows for the creation of jobs, lease payments, and local tax revenues without the contribution of public tax dollars. The PPP Model leverages the advantages of both the Public and Private entities.