With the focus on encouraging and developing innovation, an extensive BioDistrict is under development in the mid-city region of New Orleans. Four years into this 20-year project, $2.4 billion has already been spent.
James McNamara, BioDistrict president and CEO says the district, which encompasses 1,500 acres, will include a veteran affairs hospital, a new academic medical centre, a cancer research centre and a bio-innovation center for businesses with biosciences at their core. Plans also call for 5,000 new housing units, retail outlets and new hotels. Three universities are already part of the district.
For meetings and conferences, the BioDistrict’s existing 1,250-room Hyatt Regency Hotel offers 50,000 square feet of exhibition space and an additional 50,000 square feet of banquet space. Also within the BioDistrict parameters and available for special events are the New Orleans Arena and the Louisiana Super Dome. The Ernest Morial Convention Center, currently being expanded, is nearby.
For the medical meetings community, NcNamara says the BioDistrict “will help build international collaboration in key medical areas including cancer, neurology, cardiology and infectious diseases.”
Within the next two decades, developers expect the project to generate more than 34,000 jobs and $3.3 billion in economic activity.
Visit their site: www.biodistrictneworleans.org