I’m delighted to be back in New Orleans to celebrate the grand opening of the new Loyola Avenue streetcar line.
I was here for the groundbreaking of this great project in June 2011.
And what I said then is still true: President Obama has a bold vision for the future of transportation in this country.
From Tucson to Fort Lauderdale, we’ve invested in projects just like this.
We’re putting people to work, spurring economic growth and creating more transportation options for people across America.
Right here in New Orleans, we were proud to give to the city $45 million from our successful TIGER program to complete this project.
And today, I’m excited to see the development that’s going on around this project.
You’ve got more than $2 billion pouring into this community to renovate hotels, put up new office buildings, and build new housing so that more people can live closer to where they work.
A lot of that real estate activity is what we call transit-oriented development, and it’s a direct result of building this streetcar line.
This local streetcar line is a tremendous example for how a project can generate growth in a local economy—benefiting thousands of hard-working families, business owners, and many others.
This is a great addition to the city’s expanding transit options – and it’s going to be put to the test very soon.
With Super Bowl 47 coming to town, we’ll see a surge of people visiting this city. And for the first time, fans can ride this streetcar to the Superdome.
Tourists flocking to the French Quarter will find a new option in the streetcar as well.
As most of you know, the streetcar has long been a part of New Orleans’ history.
And we’re proud to be your partner in modernizing this enduring tradition.
On a final note, it’s inspiring to see how much progress New Orleans has made since Hurricanes Rita and Katrina hit the region so hard nearly 8 years ago.
The determination and perseverance demonstrated by this community is a model for Americans—reminding us that we must come together in order to overcome the challenges we face.
On behalf of President Obama, we stand with you, New Orleans. And we will continue to partner with you as we build a 21st century transportation network that meets our future needs.