Frank Stronach - Hurricane Katrina

Hurricane Katrina

On 6 September 2005, Stronach announced that he and Magna International were committing $2 million to start a model community for people displaced by Hurricane Katrina. The Toronto Star reported that "Magna Entertainment Corp. is providing housing for about 260 evacuees from the New Orleans area at a racetrack training facility in Palm Beach County, Florida and will move them to a new community in November. Auto-parts giant Magna International Inc. and MEC are scouting for about 500 to 1,000 acres (2 to 4 km2) in an area of Baton Rouge in Louisiana to set up trailers and infrastructure. "e would like to build a small community where we would try to be sponsors for the next five to seven years", Stronach said in an interview with The Star Further details were announced on 6 October 2005 and that the new development would be officially known as Magnaville. Later the name Canadaville was adopted.