When we took office in 1994, it was clear that tourism was New Orleans' strongest, fastest-growing industry, directly responsible for $3 billion in economic activity each year and more than 65,000 jobs. We certainly supported tourism growth, successfully gaining state funding needed for the Phase III Expansion of the riverfront Morial Convention Center, named for my late father. But it was also clear that our economy was in need of diversification.

While gaming was not our first choice of new industries, it seemed to be a natural fit for New Orleans. When Harrah's Casino had financial problems, more than 3,000 jobs were in danger of being lost. Through the Rivergate Development Corporation, the city's interest was protected. The RDC lawyers ensured that the city was being paid rent and lease payments throughout Harrah's two bankruptcies. This entity negotiated casino leases with three different companies, oversaw design and construction of the Casino at the Rivergate Convention Center Site and helped the city achieve 100% compliance with the Open Access Plan which provided small, minority and women-owned businesses work and contracts related to the construction of the casino project. The Rivergate Development Corporation also assisted Harrah's in obtaining tax relief from the state with the goal of keeping the casino open and preserving local jobs.

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