Riverwalk Marketplace Reopens Today in New Orleans; Only Orleans Parish Shopping Center Open
November 21 2005 - 5:26PM
Business Wire
New Orleans' Riverwalk Marketplace reopened its doors today to
tourists and local customers. The reopening of Riverwalk
Marketplace signals an important step in the road to economic
recovery for the city of New Orleans following Hurricane Katrina.
"The reopening of Riverwalk is an important step in the journey New
Orleans faces to rebuild the vital tourism industry. For 20 years,
Riverwalk has been an essential part of the visitor experience. As
New Orleans begins to rebuild, Riverwalk is ready and proud to be a
part of welcoming visitors and local customers back home," said
John Bucksbaum, chief executive officer of General Growth
Properties (NYSE:GGP). From beignets at Cafe du Monde to rides on
the legendary Riverboat Cajun Queen, customers can enjoy several
discounts at Riverwalk throughout the holiday season. Customers
will enjoy live music on opening day and every weekend by the
legendary Riverwalk Jazz Band. "Riverwalk is thrilled to reopen,"
said Brian Lade, Riverwalk Marketplace senior general manager. "The
city of New Orleans has been through a monumental ordeal and
Riverwalk has faced some tough challenges, but we are committed to
this city and its people. Riverwalk is proud to be back for the
people of the greater New Orleans region." Riverwalk is located on
the downtown New Orleans Riverfront at the foot of Poydras, Canal
and Julia Streets. Free parking will be available beginning
November 21 through December 24 for up to 3 hours with a $10
purchase and validation at either the "Whale Lot" on Convention
Center Blvd. or in the World Trade Center Garage. The shopping
center will be open seven days a week from 11am to 7pm. Riverwalk
Marketplace is owned and managed by General Growth Properties,
Inc., the second largest U.S.-based publicly traded Real Estate
Investment Trust (REIT). General Growth currently has ownership
interest and management responsibility for a portfolio of 210
regional shopping malls in 44 states, as well as ownership in
planned community developments and commercial office buildings. The
Company portfolio totals approximately 200 million square feet of
retail space and includes more than 24,000 retail stores
nationwide. General Growth Properties, Inc. is listed on the New
York Stock Exchange under the symbol GGP. For more information,
please visit the Company web site at http://www.generalgrowth.com.
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