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B&N Chief Gives $20M for Katrina Relief

Posted Feb 26, 08 8:01 PM CST in Business,  Arts & Living,  US 

(Newser) – The chair of Barnes & Noble and his wife are donating $20 million to New Orleans in what may be the biggest Katrina relief project yet, the AP reports. Leonard Riggio said today that the funds will build 20 new houses in a racially mixed neighborhood for lower-income families. Those who win a lottery can trade in a storm-damaged home for a new one.

Riggio broke ground today in a ceremonial kick-off for “Project New Home" in the city's Gentilly neighborhood. Building of the elevated, candy-colored homes will begin in spring and is expected to wrap in about a year. “There’s a sense of urgency to this project,” he said.

Source Associated Press

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Leonard Riggio, left, chairman of Barnes & Noble, smiles with his wife Louise Riggio at the announcement of a $20 million donation to build houses for low-income families in New Orleans Tuesday, Feb....   (Associated Press)
Leonard Riggio, chairman of Barnes & Noble, holds a shovel at the groundbreaking where he announced a $20 million donation to build houses for low-income families in New Orleans Tuesday, Feb. 26, 2008....   (Associated Press)
Len Riggio, chairman of Barnes & Noble, speaks as he announces $20 million to build houses for low-income families in New Orleans Tuesday, Feb. 26, 2008. The project is believed to be the largest single...   (Associated Press)
Leonard Riggio, chairman of Barnes & Noble, smiles at the announcement that he is going to donate $20 million to build houses for low-income families in New Orleans Tuesday, Feb. 26, 2008. (AP Photo/Alex...   (Associated Press)
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Hurricane Katrina  • New Orleans  • housing  • Katrina aftermath  • houses  • Barnes and Noble  • reconstruction  • Leonard Riggio


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