News Summary
Joseph C. Canizaro, a notable real estate developer who significantly transformed New Orleans’ skyline, has died at the age of 88. Known for major projects like One Canal Place and the Aquarium of the Americas, Canizaro’s legacy extends beyond development, influencing banking and community initiatives. His philanthropic efforts and political contributions left a lasting mark on the city. His passing marks a poignant moment in New Orleans’ development history.
New Orleans – Joseph C. Canizaro, a significant figure in the real estate development landscape of New Orleans, passed away on Friday night at his home in Metairie, Louisiana, at the age of 88. This tragic news has been confirmed by his close friend Boysie Bollinger, who shared that Canizaro had been facing health challenges following a series of strokes.
Originally hailing from Mississippi, Canizaro made the pivotal move to New Orleans in the early 1970s, where he quickly ascended to become one of the city’s most ambitious real estate developers. His visionary approach and extensive portfolio played a crucial role in reshaping the iconic downtown New Orleans skyline.
The impact of Canizaro’s projects is notable, with significant developments including the Lykes Center, One Canal Place, the Aquarium of the Americas, the World Trade Center, and First Bank Center. He was also known for his work on various mixed-use projects in southern and southwestern United States, which contributed to the dynamic growth of the region.
Canizaro’s vision for New Orleans can be traced back to his inspiration from the International Trade Mart project in the early 1960s, signaling his commitment to the city’s economic development. One of his landmark achievements includes the completion of One Canal Place in 1983, a complex that features an office tower and a high-rise hotel. Notably, Canizaro bought out his partner, the Shah of Iran, for $50 million after the 1979 Iranian Revolution, solidifying his position as a key player in the development market.
In addition to his work in real estate, Canizaro left his mark on the banking sector. In 1991, he led a takeover of the failed First City Bank, subsequently rebranding it as First Bank and Trust. This move showcased his influence not only in development but also in the financial sector of the city.
Canizaro’s involvement in New Orleans politics further defined his legacy. Known for his contributions to Republican candidates, his philanthropic efforts included exceeding $833,000 in donations to Donald Trump and the GOP since 2017. He frequently hosted fundraisers at his residence, demonstrating his commitment to political engagement.
Former New Orleans Mayor Marc Morial remarked on Canizaro’s stature in the city’s history, characterizing him as one of the most important business leaders. Additionally, Canizaro was noted for his participation in public housing reform and advocacy during the Bring New Orleans Back Commission following Hurricane Katrina. While he garnered recognition for these efforts, they also brought a fair share of criticism.
Joseph C. Canizaro is survived by his wife, Sue Ellen Canizaro, along with two daughters, two brothers, two sisters, a grandchild, and two great-grandchildren. His legacy in the community is underscored by his role as the founding president of the local chapter of Legatus, a Catholic organization for business executives.
His contributions to education and community welfare are evident through initiatives such as the establishment of the Canizaro Center for Catholic Studies at Loyola University and the Canizaro Library at Ave Maria University. He received several honorary doctorates and awards that recognized his impact on the community.
As of now, funeral arrangements for Joseph C. Canizaro are still pending. His passing marks the end of an era for New Orleans’ development landscape, leaving behind a profound legacy that is likely to influence future generations.
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