Latest / Bloomberg Intelligence / Orange County Mayor Jacobs on Heroin Epidemic in Florida(Audio)

Transcript

Orange County Mayor Jacobs on Heroin Epidemic in Florida(Audio) · Bloomberg Intelligence

• 0:03
  Speaker 1: Global business news twenty four hours a day, if Bloomberg
• 0:06
  Speaker 1: dot com, the radio plus mobile app and on your radio.
• 0:10
  Speaker 1: This is a Bloomberg Business Flash from Bloomberg World Headquarters.
• 0:14
  Speaker 1: I'm Charlie Pellet of Thedal, the smp NEZ dec called Advancing.
• 0:18
  Speaker 1: This update brought to you by National Realty Returns on
• 0:22
  Speaker 1: cash in rented real Estate. Find them at n r
• 0:24
  Speaker 1: I A dot net. N r i a dot net.
• 0:28
  Speaker 1: Now over to the first Word Breaking news desk for
• 0:30
  Speaker 1: today's afternoon call. Here, he's Bill Maloney. Good afternoon, Charlie.
• 0:35
  Speaker 1: Man U. Savages are gaining today, with the Dow currently
• 0:38
  Speaker 1: hired by sixty five point, SIPs game seven and AzaC
• 0:41
  Speaker 1: rises sixteen, the small cap six hundred rises seven points,
• 0:45
  Speaker 1: and the US ten yield at one point seven per cent.
• 0:48
  Speaker 1: Eight out of tennesse B sectors are higher, led by
• 0:51
  Speaker 1: games and materials, consumer staples, and the industrials. Energy and
• 0:55
  Speaker 1: telecom fell down, Transports jump forty one, as a BI
• 0:58
  Speaker 1: text drop two points, and the VIX is little change
• 1:02
  Speaker 1: doll Leaders to the upside include United Health Group, Caterpillar,
• 1:05
  Speaker 1: and Visa, while Chevron and Verizon led to the downside.
• 1:10
  Speaker 1: A K Steel jump nineteen percent, Create Sweete upgraded to
• 1:13
  Speaker 1: outperform Vera Phone plunge twenty four percent after its earnings,
• 1:17
  Speaker 1: while Lulu Lemon gained as much as five point four
• 1:20
  Speaker 1: percent after its results. Restoration Hardware reports After the Bell
• 1:25
  Speaker 1: Live from the First Breaking News Desk on Bill Maloney. Charlie,
• 1:27
  Speaker 1: all right, thank you very much, Bill Maloney, and to
• 1:29
  Speaker 1: hear live breaking news over your Bloomberg Times squawk ask
• 1:33
  Speaker 1: you you a w K on your terminal. I'm Charlie
• 1:36
  Speaker 1: Pellett and that's a Bloomberg Business flash. You're listening to
• 1:42
  Speaker 1: Stock with Kathleen pim Fox on Bloomberg Radio. Just the
• 1:47
  Speaker 1: last month, the Orange County Tourism Development Board in Florida
• 1:52
  Speaker 1: approved a three million dollar worth of hotel tax revenues
• 1:56
  Speaker 1: in order to bring the NFL to Central Florida. And
• 2:00
  Speaker 1: here to tell us more about that effort and the
• 2:02
  Speaker 1: economy and development of central Florida is Orange County Mayor
• 2:06
  Speaker 1: Teresa Jacobs. Thank you very much for being here. Oh,
• 2:09
  Speaker 1: thank you so much for having me. What was it like?
• 2:11
  Speaker 1: I think it was last Wednesday that you were able
• 2:14
  Speaker 1: to finally announce that the NFL the Pro Bowl is
• 2:18
  Speaker 1: coming to Orlando. It was absolutely thrilling. I can't tell
• 2:22
  Speaker 1: you how excited our community is about hosting the Pro Bowl.
• 2:26
  Speaker 1: And I think you're gonna see an entire Orlando UM
• 2:29
  Speaker 1: scene just come alive over this, as well as as
• 2:32
  Speaker 1: the whole nation of course, but I think locally it's
• 2:34
  Speaker 1: gonna be phenomenal for us, so uh, Mayor Jacobs. It's
• 2:37
  Speaker 1: been in Hawaii for a long time. You get it
• 2:40
  Speaker 1: for I believe three years. Do you do you really
• 2:42
  Speaker 1: will it make a difference to the Pro Bowl itself
• 2:45
  Speaker 1: to have it here? I mean, it's not going to
• 2:47
  Speaker 1: change the players necessarily or will How do you think
• 2:49
  Speaker 1: that synergy is going to work to tybbe even not
• 2:51
  Speaker 1: just help Orlando, but take the Pro Bowl to another level? Oh?
• 2:54
  Speaker 1: I think it's I think it absolutely is. One of
• 2:56
  Speaker 1: the reasons that the NFL was so interested in the
• 2:59
  Speaker 1: Orlando area is that they want to They want an
• 3:01
  Speaker 1: environment where their players are anxious to come and bring
• 3:04
  Speaker 1: their families and um make make a bit of a
• 3:09
  Speaker 1: vacation out of it at the same time. So UM
• 3:11
  Speaker 1: they see it as a tremendous draw to get the
• 3:13
  Speaker 1: players UM re engaged and very interested in showing up
• 3:17
  Speaker 1: for Pro Bowl. So I think it's going to help
• 3:19
  Speaker 1: the games. I think it's going to help the viewership,
• 3:22
  Speaker 1: and of course I think it's going to help our
• 3:24
  Speaker 1: local economy and um, more than anything, it's gonna be
• 3:26
  Speaker 1: a lot of fun. Tell us a little bit about infrastructure,
• 3:29
  Speaker 1: because I note that toll roads. For example, this is
• 3:33
  Speaker 1: the toll road capital of the United States, and you've
• 3:37
  Speaker 1: got more planned. Tell us about the relationship between toll
• 3:40
  Speaker 1: roads and infrastructure. Well, we do have a lot of
• 3:42
  Speaker 1: toll roads. I sit on the Toll Authority, and UM,
• 3:45
  Speaker 1: we have a lot of toll roads because quite frankly,
• 3:47
  Speaker 1: we're a newer city and a lot of the growth
• 3:50
  Speaker 1: that we've experienced in the last fifteen or twenty years
• 3:53
  Speaker 1: has come after the time when the federal government was
• 3:55
  Speaker 1: investing so much into major transportation UM highways. So we've
• 3:59
  Speaker 1: done a lot of that and we've paid for it locally. UM.
• 4:02
  Speaker 1: In addition to our toll roads, though, we have about
• 4:04
  Speaker 1: five billion dollars worth of transportation improvements that are in
• 4:09
  Speaker 1: the pipeline or just recently completed. So I think that
• 4:12
  Speaker 1: that's pretty phenomenal, UM in in this day and age
• 4:15
  Speaker 1: right now, when you look at um UH regions and
• 4:18
  Speaker 1: cities our size to have so much going on, from
• 4:21
  Speaker 1: um massive renovations and expansion of our airport to our
• 4:26
  Speaker 1: convention center, to um A sun Rail commuter rail system,
• 4:30
  Speaker 1: and um and and major highways. You know, you were
• 4:34
  Speaker 1: elected mayor in November, re elected your second term. You
• 4:39
  Speaker 1: were two term Orange County commissioner. Uh. You had a
• 4:43
  Speaker 1: career in banking, yes, I did. Yeah, what got you
• 4:45
  Speaker 1: the politics? What made you decide you want to do this? Actually, UM,
• 4:49
  Speaker 1: it's gonna sound a little trite, but it was a
• 4:51
  Speaker 1: road through my neighborhood. The county decided to put a
• 4:53
  Speaker 1: road through my neighborhood. UM. I didn't like that so much.
• 4:56
  Speaker 1: UM and got engaged and began to understand that little
• 5:00
  Speaker 1: government plays a tremendous role in our quality of life
• 5:02
  Speaker 1: and our property values. And UM thought, why not take
• 5:06
  Speaker 1: the background I had in finance and banking, in um
• 5:10
  Speaker 1: municipal bonds and trading financial futures and apply that in
• 5:15
  Speaker 1: the public arena. And I've loved it. Now you talked
• 5:17
  Speaker 1: about the quality of life for just a second, and
• 5:19
  Speaker 1: I want to give you an opportunity to explain. You
• 5:22
  Speaker 1: testified recently in Washington about an epidemic that is afflicting
• 5:27
  Speaker 1: many municipalities in the United States. Tell us about this absolutely.
• 5:31
  Speaker 1: I think it's still shocking to so many people to
• 5:35
  Speaker 1: learn that we have a heroin epidemic. UM. It is
• 5:38
  Speaker 1: not it's not equally profound in each cities, but there
• 5:42
  Speaker 1: are targeted areas UM some in the Northwest, on the
• 5:46
  Speaker 1: west coast of the United States, and UM some places
• 5:49
  Speaker 1: in Florida, including Central Florida that we're really seeing m
• 5:52
  Speaker 1: incredibly cheap and extremely dangerous, deadly strains of last five
• 6:01
  Speaker 1: deaths last year, death last year, increase over the last
• 6:06
  Speaker 1: several years, so UM a profound increase. UM. I think
• 6:11
  Speaker 1: that people don't realize that heroin has become so much
• 6:15
  Speaker 1: easier to get so cheap, so cheap and so deadly
• 6:19
  Speaker 1: and UM. And when I was growing up, the only
• 6:22
  Speaker 1: people who used heroin UM were those people that were
• 6:26
  Speaker 1: really really extreme drug abusers. UM. And today we're finding
• 6:31
  Speaker 1: it to be more and more unfortunately acceptable. If you
• 6:34
  Speaker 1: look at the bottom line, there's a human cost. I
• 6:38
  Speaker 1: guess there's also the cost of dealing with these people.
• 6:40
  Speaker 1: As as a mayor of a major city, what is
• 6:43
  Speaker 1: what is the cost of what's the benefit of stopping this, Well,
• 6:46
  Speaker 1: there's a there's a huge human toll um absolutely, and
• 6:49
  Speaker 1: the addiction costs um are are pretty phenomenal. But not
• 6:53
  Speaker 1: treating it is is a cost too great for society
• 6:57
  Speaker 1: like ours to um to bear. So I think that's
• 7:00
  Speaker 1: the reason we've approached the federal government for additional support.
• 7:03
  Speaker 1: That's the reason we're working with so many other jurisdictions
• 7:05
  Speaker 1: across the country to create awareness, to prevent the addiction
• 7:09
  Speaker 1: in the first place, and to help treat those who
• 7:11
  Speaker 1: are addicted. Very few people are addicted to heroin because
• 7:13
  Speaker 1: they want to be addicted. Most people UM stumble onto
• 7:16
  Speaker 1: the use. Maybe they've been on pain killers and suddenly
• 7:20
  Speaker 1: they couldn't get the pain killers anymore and they found
• 7:22
  Speaker 1: themselves addicted. Teresa Jacob, I'd like to talk to you today.
• 7:26
  Speaker 1: Thank you for joining us. Oh, thank you so much
• 7:28
  Speaker 1: for having us. She is the mayor of Orange County
• 7:30
  Speaker 1: here in Florida. We're live at Pershing's Insight sixteen conference
• 7:34
  Speaker 1: at the Higher Regency in Orlando. I'm Kathleen Hayes along
• 7:39
  Speaker 1: with Pim Fox, and this is Bloomberg Radio. Bloomberg Taking
• 7:46
  Speaker 1: Stock is brought to you by Ancient Block and Ancient
• 7:49
  Speaker 1: named the best accounting firm in North America for the
• 7:51
  Speaker 1: sixth year in a row by hedgeweek dot com.