Aside from the obvious benefits to the navigation industry, the Industrial Canal Lock Replacement Project will have many additional benefits to the city, region and state. The city will get two new, more reliable bridges at St. Claude and Claiborne Avenues, and an average of at least 950 jobs annually can be created as a result of the construction of this project.

According to an April 1998 report by University of New Orleans professor Dr. Timothy Ryan, the Industrial Canal Lock Replacement Project will have a tremendous impact on the New Orleans economy. These impacts include:

• The construction phase of the lock project will create new total spending in the New Orleans area economy of $1.4 billion



• The lock construction and related activities will create a total of $272.9 million in earnings for New Orleans area residents over the 14-year project period



• The construction will support a total of 13,362 new jobs over the 14-year project period



• State and local governments will receive a total of $24.2 million in tax revenue from the construction activities of the proposed lock over the 14-year period