Hurricane Katrina recovery projects in South Mississippi should be wrapped up within the next 18 months, allowing the state to sell businesses on investing in the Coast, representatives of the Mississippi Development Authority told the Sun Herald this week.
“I think there’s tremendous opportunity here,” said Brent Christensen, MDA’s executive director.
MDA Chief Administrative Officer Manning McPhillips has been overseeing Katrina projects funded with $5.4 billion in Community Development Block Grants from the U.S. Department of Housing and Urban Development. More than $2 billion went to homeowners devastated by the storm for reconstruction. But the money also covered construction of wastewater and water systems, expansion at the state port and other projects designed to support growth.
Read more here: http://www.sunherald.com/2014/01/08/5244442/mda-says-katrina-projects-ready.html#storylink=cpy