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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