The latest coastal news, events and more from the Barataria and Terrebonne Basins...

Restore or Retreat Partners with CPRA on Coastal Restoration Financing Initiative

Report will provide a framework for efficiently funding critical restoration projects 

Restore or Retreat (ROR) has announced a partnership with the Louisiana Coastal Protection and Restoration Authority (CPRA) to source expertise in areas of financing and economics to identify strategies to maximize the impact of near-term revenue streams for Coastal Master Plan projects. The project aims to create a financing structure for several specific Master Plan projects, develop repayment strategies from existing committed sources of revenue, as well as project economic benefits to the state and impacted communities by advancing restoration. As it launches the initiative, ROR is seeking Statements of Interest and Qualifications (SIQ) from qualified individuals and entities.

Over the next 15 years, billions of dollars will be available for coastal protection and restoration, largely from the Deepwater Horizon global settlement as well as the increase in payments under the Gulf of Mexico Energy Security Act (GOMESA). As revenue sources vary greatly in terms of specific requirements and timelines, CPRA is welcoming assistance in identifying opportunities to align project implementation schedules with appropriate revenue streams and, if advisable, financial instruments like bonds.
"The CPRA has done a tremendous job understanding the engineering challenges of the land loss crisis and devising a plan to address that crisis in the most strategic and sustainable way," said Restore or Retreat Executive Director Simone Maloz. "On the heels of the passage of the 2017 Coastal Master Plan, we want to transition from planning to large-scale implementation. To do that successfully, it will take the best utilization of financial instruments and economics to finance the nation's largest ecosystem restoration effort. For that reason, this project is a critical first step to success."
The Governor's Executive Assistant for Coastal Activities, Johnny Bradberry, concurred, "Given our current set of project priorities, we very well may be able to pay as we go. However, if we can achieve efficiencies from a land building or flood protection point of view by utilizing traditional bonds or newer financial options, we need to be in a position to understand those benefits."
Members of the CPR Financing Corporation welcomed this project as a crucial step forward.   "Before the CPR Financing Corporation can approach the bond market, the State of Louisiana must first recommend that it is the appropriate course of action given its revenue streams and its project schedules," said Chett Chiasson, CPR Financing Corporation member and Executive Director of the Greater Lafourche Port Commission. "This type of financial expertise is just what the State needs to make the most out of the funding they have available."
The project will begin with a period to solicit interest and qualifications from financial services firms, consultant teams with financial expertise, and research institutions with finance experience. This phase will last until September 1. ROR and CPRA will then provide answers to interested firms regarding the needs of the state and the types of skills that will be required to submit proposals for the full scope of work. Restore or Retreat hopes to have results to share with CPRA in time to help inform the development of the FY 2019 Annual Plan.
Additionally, an informational session will be held at Greater New Orleans Inc. on August 17 at 10:00 a.m.  Official documents related to this project can be found online at Restore or Retreat's website
Your Voice and Support Are Needed!

As the State of Louisiana and the U.S. Army Corps of Engineers (Corps) move forward with the permitting process for the  Mid- Barataria Sediment Diversion - one of the most important restoration projects in the Coastal Master Plan -  your voice and support are needed.

The  Mid- Barataria Sediment Diversion will reconnect the Mississippi River with nearby wetlands and deliver sediment, nutrients and fresh water to build and maintain tens of thousands of acres of land over time in Louisiana's  Barataria Basin. The situation is dire - without  action, the   Barataria  Basin could lose an additional 550 square miles of land in the next 50 years. But for this project to be implemented as quickly as possible, decision makers need to hear from you.

Take action now and tell the Corps that Louisiana's land loss crisis is severe and urgent and will only worsen every day until they act - and that means ensuring swift, effective implementation of the  Mid- Barataria Sediment Diversion.

Courtesy of CPRA
Coastal News

Daily Comet-- featuring ROR Special Projects Coordinator Victoria!

Terrebonne residents discuss land loss
Houma Today

Daily Comet
Coastal Calendar

Wed, Aug 16: CPRA Monthly Board Meeting, Morgan City Municipal Auditorium

Thurs, Aug 17: ROR-CPRA Informational Session on Coastal Finance Report, GNO Inc, NOLA

Tues, Sept 12: Deepwater Horizon Natural Resource Damage Assessment Trustee Council Public Meeting, Mobile

Thurs, Sept 14: CWPPRA Technical Committee Meeting, Louisiana Dept Wildlife and Fisheries 

Wed, Sep 20: CPRA Monthly Board Meeting, Morgan City Municipal Auditorium, State Capitol

Restore or Retreat, Inc | 985.448.4485 |