Both business and government leaders in New Orleans have taken steps over the past 50 years to encourage development and corporate centered business in the city. These began with the construction of the
Superdome using public money, choosing not to build an expressway along the Mississippi River in the French Quarter and allowing the riverfront to be developed for tourism, and the under used wharves made available by the New Orleans public port authority for non-maritime use in the 1960s. These decisions opened the door for changes in land use, encouraging business, especially that of the tourism industry, for the city. The
downtown New Orleans segment of Canal Street has been undergoing redevelopment along the lines called for in the '''Downtown Development District's'
Canal Street Vision and Development Strategy'' (2004). In recent years the street has welcomed the addition of numerous new anchor enterprises, including the Ritz-Carlton New Orleans, luxury apartments at 1201 Canal, the New Orleans Bio-Innovation Center, the rehabilitated Joy Theater, the Saint Hotel, the Audubon Nature Institute's
Audubon Insectarium, and the Astor Crowne Plaza. In October 2011, the New Orleans City Council granted final approval for the construction of
1031 Canal, a 190-foot (58 m) multi-use high-rise at the northeast intersection of Canal and North Rampart Streets. The building, under construction as a
Hard Rock Hotel, was the site of a partial building and crane collapse on October 12, 2019. After exiting downtown, Canal Street runs for its remaining length through the
Mid-City neighborhood, part of which is now designated as
BioDistrict New Orleans, a state-chartered economic development district created to encourage growth in the region's biomedical sector. Construction of two new teaching hospitals, the University Medical Center and a
U.S. Department of Veterans Affairs regional facility, involving the expenditure of approximately $2 billion, is now underway in the BioDistrict. In 2024, Sandra Herman and others founded a coalition called Celebrate Canal in order to help redevelop Canal Street. ==See also==