The demolition of the Iberville housing development began Tuesday morning, bringing to an end the era of the sprawling public housing complexes that for decades were home to thousands of low-income New Orleans families.

The Housing Authority of New Orleans and the city will tear down 59 of the 75 buildings that have made up Iberville.

In their place will rise a mixed-income community funded in part with $30.5 million from the U.S. Department of Housing and Urban Development's Choice Neighborhoods Initiative, a program intended to revitalize struggling neighborhoods by providing high-quality housing with improved services such as schools and commercial activity. New Orleans was one of five cities to receive the grant in its inaugural round.

The project is part of a bigger plan to revitalize Treme and the downtown area.

"The construction of new low, moderate and market-rate housing complete with retail, school and public space improvements will strengthen these important neighborhoods that are at the heart of our city," Mayor Mitch Landrieu said in a statement. "By connecting residents with wrap-around services like high-quality resources, programs and training in workforce development, education, health and transit, New Orleans will stand as a national model for redeveloping urban neighborhoods. This project will create better housing, safer streets and economic development."

The city plans a one-for-one replacement, on-site and in the surrounding communities, of the 821 units that made up Iberville. A broader redevelopment plan, estimated to cost a total of $600 million and paid for with funds from FEMA, HANO, HUD, the state and the city, will also revitalize more than 300 blocks within the boundaries of Rampart Street, Tulane Avenue, Broad Street and St. Bernard Avenue.

The onsite redevelopment will happen in two phases and willinclude 81 public housing units, 49 workforce units and 97 market rate units.

The full project, on-site and in the surrounding neighborhoods, calls for the construction of 304 public housing units, 261 workforce units and 315 market-rate homes.

The plan also includes 112 units for elderly Iberville residents at the former Texaco building on Canal Street.

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Demolition of Iberville housing development begins

DUBLIN--(BUSINESS WIRE)--

Research and Markets (http://www.researchandmarkets.com/research/8jhcrm/demolition_and) has announced the addition of the "Demolition & Wrecking in the US" report to their offering.

Blast zone: Slumping construction demand offset recent growth, but recovery is in the forecast

The total market for wrecking and demolition services is subject to competition from companies that primarily operate in other building and construction industries, however, contractors operating in this industry capture the bulk of activity in this market and are generally subcontracted by prime building contractors and developers. Recent lethargic growth is really the result of a period of robust growth followed by a substantial decline resulting from the negative impacts of the global economic downturn. The Great Recession delivered a crushing blow to nearly every downstream construction industry, thus causing industry revenue to drop in 2009.

Firms in this industry primarily wreck and demolish buildings and structures and sometimes sell salvaged materials. Other industry services include the clearing and recycling of debris, interior strip outs, handling of asbestos and hazardous materials, site remediation (decontamination and waste disposal), concrete cutting and explosive demolition. Excavation and land clearing work is excluded from this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Companies Mentioned

Brandenburg Industrial Service Company

Penhall Company Inc.

NCM Demolition and Remediation LP

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