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Port of New Orleans Pat Gallwey Chief Operating Officer Port of New Orleans Counselors of Real Estate Oct. 13, 2009.

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Presentation on theme: "Port of New Orleans Pat Gallwey Chief Operating Officer Port of New Orleans Counselors of Real Estate Oct. 13, 2009."— Presentation transcript:

1 Port of New Orleans Pat Gallwey Chief Operating Officer Port of New Orleans Counselors of Real Estate Oct. 13, 2009

2 Port of New Orleans 8/9/2015 Business Profile Breakbulk Cargo Traditional Breakbulk Heavy Lift/ Project Cargo Refrigerated Cargo Container Cargo Cruise Industrial Property

3 Port of New Orleans Louisiana ports face heavy competition from multiple, large, well-capitalized ports in the Midwest and Regional container markets

4 Port of New Orleans Railroad Connections The Port of New Orleans is the only U.S. Seaport served by six Class One rail roads

5 Port of New Orleans Inland Waterway Connections The Port of New Orleans is connected to 14,500 miles of inland waterways through the Mississippi River, its tributaries and the Gulf Intracoastal Canal.

6 Port of New Orleans Napoleon Avenue Container Terminal Completed 2003 Two Berths, 1,400 feet long Project Depth: 45 feet 4 gantry cranes installed 2 gantry cranes ordered 61 acre terminal 7 acre near-dock railroad terminal Connected to 6 railroads by local short-line Served by dedicated port truckway Four shipping lines with regular services Container on barge service Room for incremental expansion or for shipping line to build its own terminal

7 Port of New Orleans New Orleans Cold Storage Dockside Warehouse

8 Port of New Orleans Industrial Real Estate August 2005 Tenants: 47 Annual Revenue: $2.9M August 2009 Tenants: 46 Annual Revenue: $3.2M

9 Port of New Orleans Katrina Damage and Recovery

10 Port of New Orleans Aug. 29, 2005: Katrina Strikes

11 Port of New Orleans Katrina Flooding The federal levee system protecting the City was breached in several places About 80% of the city was flooded All flood water had to be pumped out of the city 8/9/2015 Port of New Orleans

12 Industrial Canal (INHC) Mississippi River Mississippi River-Gulf Outlet (MRGO)

13 Port of New Orleans Facility Damage Total Estimated Damages: $247 million Actual Cash Value $123 million Insurance Recovery $123 million Potential FEMA Recovery $30 million - $40 million

14 Port of New Orleans Mississippi River- Gulf Outlet Closure Channel closure means that Mississippi River is the only access to the Port of New Orleans. Reduces the utility of Port cargo handling and industrial sites on Industrial Canal. Federal mitigation funds have not yet materialized.

15 Port of New Orleans Lingering Impact of MR-GO Closure

16 Port of New Orleans Port Cargo Tonnage figures

17 Port of New Orleans Cruise Embarkations/ Disembarkations

18 Port of New Orleans Port of New Orleans Master Plan $574.4 million $465.1 million $1.04 billion

19 Port of New Orleans 8/9/2015 2020 Master Plan Phase I + Phase II+ Phase III Napoleon Container Terminal Maximum Capacity: +1 million teus Est. Cost: $240 million

20 Port of New Orleans Fastest growing segment of the leisure travel market. Growing at a rate of 3.8 percent per year. Cruise lines 35 new ships to their fleets by 2012. New Orleans’ cruise ship occupancy rate is 104%. A Window of Opportunity: Cruise

21 Port of New Orleans New Orleans Passenger Market Over 100 million potential passengers within a 750 mile radius of New Orleans ‑ about 34% of the Nation’s population Approximately 47 million of that number are within an 8 hour drive of New Orleans Easy road access to New Orleans via six interstates I ‑ 10, I ‑ 12, I ‑ 49, I ‑ 55, I ‑ 59, and I ‑ 65 Airline access adequate ‑ 126 flights per day to 33 cities with 15,959 seats

22 Port of New Orleans Erato Street Cruise Terminal & Parking Garage

23 Port of New Orleans Julia Street Terminals 1 &2

24 Port of New Orleans Riverfront Planning

25 Port of New Orleans Louisiana Shipper Tax Credit Louisiana exporters or importers ship cargo through Louisiana public ports are eligible for a per-ton credit based on total cargo tonnage shipped or received during the preceding calendar year. Qualifying Louisiana businesses ship approximately 1.6 million tons per year. A $5 per-ton tax credit provides incentive to redirect cargo from competing ports to Louisiana ports.

26 Port of New Orleans Sell underperforming properties Normally the Port leases its industrial properties. Our board is accepting offers to purchase industrial properties if they are not located on the waterfront and if the purchase can spur economic development. Several existing tenants have come to us seeking to purchase the property in order to take advantage of GO Zone bonds. Property sales reduces Port’s capital needs and allows us to channel capital to our core business segments.

27 Port of New Orleans Example: TCI

28 Port of New Orleans Pat Gallwey Chief Operating Officer Port of New Orleans Counselors of Real Estate Oct. 13, 2009


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