The resolution requests the House Committee on Municipal, Parochial and Cultural Affairs to conduct a study on the potential revenues that could be generated by establishing an economic development district in the Lafitte Greenway corridor of New Orleans. This initiative aligns with the Louisiana Legislature's authorization for the creation of such districts, which can serve as effective tools for fostering economic development and generating recurring revenue for community investments. The study aims to explore how revenues from this district could support various local needs, including flood mitigation, affordable housing, and infrastructure improvements.

The resolution highlights the city's Plan for Generational Economic Transformation, which advocates for the establishment of economic development districts to achieve broader city goals related to housing, economic growth, and infrastructure resilience. It also references a 2018 report indicating that a tax increment financing strategy near the Lafitte Greenway could have generated significant revenue over a fifteen-year period. The findings from the study are to be reported to the House of Representatives by November 15, 2023.