Algiers Development District 2027 Budget

At a glance

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What: the Algiers Development District presented its 2027 budget; it uses no general fund money.
Where it stands: budget hearing presentation on October 22, 2026; no vote.
Next: council budget deliberations before adoption.

Revenue about $2.4 million: about $1.5 million in tax-increment funding (city and state, from the Walmart site on the West Bank) and about $900,000 in military rent at Federal City.
Highlights: a 55-plus housing building opened last year, 60 lofts in a historic building due about February, the Maritime Military Academy and Delgado training, and a new cutoff auditorium with a ribbon cutting expected around December.
Matthew Willard asked how the district's funding and property work; no concerns raised.

2026-10-22 - City Council Budget Hearings - Presentation and questions from the Budget Committee.