The Milennium Port Authority (MPA) voted unanimously 9-0 to recommend New Orleans-based Sea Point as an element of the first phase of the Louisiana Millenium Port System. Once completed, the Sea Point Project is expected to generate $2.9 billion in annual economic impact and thousands of jobs in South Louisiana, according to a joint study by timothy Ryan of the University of New Orleans and Dr. Loren Scott of Louisiana State University. In addition, Ryan and Scott estimate that the Sea Point Project will create 18,000 new jobs by 2013. The project will also generate more than $39 million in annual state tax revenue and nearly $31 million in annual local tax revenue within 10 years of the beginning of operations.