DDA Funded through 2027

On November 5, 2003, the citizens of Shreveport approved the DDA's ballot proposition extending the DDA's authorization period from 5 to 25 years.

While we have a firm handle on the short-term needs of downtown (like parking, safety, cleanliness, office, retail and residential recruitment), the DDA's 25-year authorization now allows us to address long term issues and to commit funds strategically within the context of a long-term vision. The 25-year renewal will allow the DDA to participate in the implementation of the Downtown 2010 Redevelopment Strategy.

The year-long Downtown 2010 planning effort involved a joint DDA/DSU/DSDC planning committee, public presentations and a series of property owner meetings. The strategy is available as a "pdf" file form by clicking here: Downtown 2010

With the completion of the convention center and hotel, about one-half billion dollars will have been invested recently in an area less than a quarter-mile square. The interesting aspect of this new growth (apart from its sheer magnitude) is the trend toward more diverse land use. Downtown's last development wave was largely office oriented, while the most recent and the dominant foreseeable investments cater to tourists and visitors. These are substantial new growth industries for downtown, offering a multitude of exciting opportunities for entrepreneurs. The Downtown 2010 Redevelopment Strategy addresses these opportunities and dedicates substantial funding toward initiatives that will leverage these public and private investments.

The office market, still soft in Shreveport, will be bolstered by the appeal of downtown as a 24-hour city - a true regional destination. The growth of downtown as a residential neighborhood will also increase office demand and will have a positive effect on retail and restaurant viability.

Success of the Lee Hardware and United Jewler's Buildings and construction of the Red River District has led to the redevelopment of the Crystal Oil Building as condominiums and the Oil & Gas Building as apartments. As much as any other, the return of residential development to downtown is a very positive sign. This new energy and the core of residents who will want a clean, safe and fun twenty-four hour downtown will redefine how we all perceive and use the center city.

The Downtown 2010 Strategy reflects the return of multiple land uses, supports existing businesses and leverages the opportunities that are about to present themselves.

Voter approval of the 25-year authorization was a critical component of Downtown 2010, and your support is appreciated! --- Frank Williams, Jr., Executive Director .