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Study: Coastal plan would create jobs, grow economy

1 year ago March 27, 2014 Mar 27, 2014 Thursday, March 27 2014 Thursday, March 27, 2014 10:41:21 AM CDT in News
Source: Associated Press

NEW ORLEANS - A study says funding the state's 50 year plan for coastal protection would create 109,000 to 212,000 jobs and help grow the economy.

The study by economist and former University of New Orleans president Timothy Ryan, was commissioned by Restore Louisiana Now. That group was formed to support a lawsuit against the oil and gas industry that says the companies should pay for damage done to the coast.

The study looks at two different funding levels, one at $50 billion and the other at $100 billion.

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