WEBVTT - Orange County Mayor Jacobs on Heroin Epidemic in Florida(Audio)

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<v Speaker 1>Live from the First Breaking News Desk on Bill Maloney. Charlie,

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<v Speaker 1>all right, thank you very much, Bill Maloney, and to

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<v Speaker 1>hear live breaking news over your Bloomberg Times squawk ask

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<v Speaker 1>you you a w K on your terminal. I'm Charlie

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<v Speaker 1>Pellett and that's a Bloomberg Business flash. You're listening to

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<v Speaker 1>Stock with Kathleen pim Fox on Bloomberg Radio. Just the

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<v Speaker 1>last month, the Orange County Tourism Development Board in Florida

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<v Speaker 1>approved a three million dollar worth of hotel tax revenues

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<v Speaker 1>in order to bring the NFL to Central Florida. And

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<v Speaker 1>here to tell us more about that effort and the

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<v Speaker 1>economy and development of central Florida is Orange County Mayor

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<v Speaker 1>Teresa Jacobs. Thank you very much for being here. Oh,

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<v Speaker 1>thank you so much for having me. What was it like?

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<v Speaker 1>I think it was last Wednesday that you were able

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<v Speaker 1>to finally announce that the NFL the Pro Bowl is

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<v Speaker 1>coming to Orlando. It was absolutely thrilling. I can't tell

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<v Speaker 1>you how excited our community is about hosting the Pro Bowl.

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<v Speaker 1>And I think you're gonna see an entire Orlando UM

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<v Speaker 1>scene just come alive over this, as well as as

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<v Speaker 1>the whole nation of course, but I think locally it's

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<v Speaker 1>gonna be phenomenal for us, so uh, Mayor Jacobs. It's

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<v Speaker 1>been in Hawaii for a long time. You get it

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<v Speaker 1>for I believe three years. Do you do you really

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<v Speaker 1>will it make a difference to the Pro Bowl itself

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<v Speaker 1>to have it here? I mean, it's not going to

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<v Speaker 1>change the players necessarily or will How do you think

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<v Speaker 1>that synergy is going to work to tybbe even not

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<v Speaker 1>just help Orlando, but take the Pro Bowl to another level? Oh?

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<v Speaker 1>I think it's I think it absolutely is. One of

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<v Speaker 1>the reasons that the NFL was so interested in the

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<v Speaker 1>Orlando area is that they want to They want an

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<v Speaker 1>environment where their players are anxious to come and bring

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<v Speaker 1>their families and um make make a bit of a

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<v Speaker 1>vacation out of it at the same time. So UM

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<v Speaker 1>they see it as a tremendous draw to get the

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<v Speaker 1>players UM re engaged and very interested in showing up

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<v Speaker 1>for Pro Bowl. So I think it's going to help

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<v Speaker 1>the games. I think it's going to help the viewership,

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<v Speaker 1>and of course I think it's going to help our

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<v Speaker 1>local economy and um, more than anything, it's gonna be

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<v Speaker 1>a lot of fun. Tell us a little bit about infrastructure,

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<v Speaker 1>because I note that toll roads. For example, this is

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<v Speaker 1>the toll road capital of the United States, and you've

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<v Speaker 1>got more planned. Tell us about the relationship between toll

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<v Speaker 1>roads and infrastructure. Well, we do have a lot of

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<v Speaker 1>toll roads. I sit on the Toll Authority, and UM,

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<v Speaker 1>we have a lot of toll roads because quite frankly,

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<v Speaker 1>we're a newer city and a lot of the growth

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<v Speaker 1>that we've experienced in the last fifteen or twenty years

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<v Speaker 1>has come after the time when the federal government was

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<v Speaker 1>investing so much into major transportation UM highways. So we've

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<v Speaker 1>done a lot of that and we've paid for it locally. UM.

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<v Speaker 1>In addition to our toll roads, though, we have about

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<v Speaker 1>five billion dollars worth of transportation improvements that are in

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<v Speaker 1>the pipeline or just recently completed. So I think that

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<v Speaker 1>that's pretty phenomenal, UM in in this day and age

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<v Speaker 1>right now, when you look at um UH regions and

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<v Speaker 1>cities our size to have so much going on, from

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<v Speaker 1>um massive renovations and expansion of our airport to our

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<v Speaker 1>convention center, to um A sun Rail commuter rail system,

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<v Speaker 1>and um and and major highways. You know, you were

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<v Speaker 1>elected mayor in November, re elected your second term. You

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<v Speaker 1>were two term Orange County commissioner. Uh. You had a

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<v Speaker 1>career in banking, yes, I did. Yeah, what got you

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<v Speaker 1>the politics? What made you decide you want to do this? Actually, UM,

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<v Speaker 1>it's gonna sound a little trite, but it was a

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<v Speaker 1>road through my neighborhood. The county decided to put a

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<v Speaker 1>road through my neighborhood. UM. I didn't like that so much.

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<v Speaker 1>UM and got engaged and began to understand that little

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<v Speaker 1>government plays a tremendous role in our quality of life

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<v Speaker 1>and our property values. And UM thought, why not take

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<v Speaker 1>the background I had in finance and banking, in um

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<v Speaker 1>municipal bonds and trading financial futures and apply that in

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<v Speaker 1>the public arena. And I've loved it. Now you talked

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<v Speaker 1>about the quality of life for just a second, and

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<v Speaker 1>I want to give you an opportunity to explain. You

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<v Speaker 1>testified recently in Washington about an epidemic that is afflicting

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<v Speaker 1>many municipalities in the United States. Tell us about this absolutely.

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<v Speaker 1>I think it's still shocking to so many people to

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<v Speaker 1>learn that we have a heroin epidemic. UM. It is

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<v Speaker 1>not it's not equally profound in each cities, but there

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<v Speaker 1>are targeted areas UM some in the Northwest, on the

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<v Speaker 1>west coast of the United States, and UM some places

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<v Speaker 1>in Florida, including Central Florida that we're really seeing m

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<v Speaker 1>incredibly cheap and extremely dangerous, deadly strains of last five

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<v Speaker 1>deaths last year, death last year, increase over the last

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<v Speaker 1>several years, so UM a profound increase. UM. I think

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<v Speaker 1>that people don't realize that heroin has become so much

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<v Speaker 1>easier to get so cheap, so cheap and so deadly

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<v Speaker 1>and UM. And when I was growing up, the only

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<v Speaker 1>people who used heroin UM were those people that were

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<v Speaker 1>really really extreme drug abusers. UM. And today we're finding

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<v Speaker 1>it to be more and more unfortunately acceptable. If you

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<v Speaker 1>look at the bottom line, there's a human cost. I

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<v Speaker 1>guess there's also the cost of dealing with these people.

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<v Speaker 1>As as a mayor of a major city, what is

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<v Speaker 1>what is the cost of what's the benefit of stopping this, Well,

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<v Speaker 1>there's a there's a huge human toll um absolutely, and

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<v Speaker 1>the addiction costs um are are pretty phenomenal. But not

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<v Speaker 1>treating it is is a cost too great for society

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<v Speaker 1>like ours to um to bear. So I think that's

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<v Speaker 1>the reason we've approached the federal government for additional support.

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<v Speaker 1>That's the reason we're working with so many other jurisdictions

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<v Speaker 1>across the country to create awareness, to prevent the addiction

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<v Speaker 1>in the first place, and to help treat those who

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<v Speaker 1>are addicted. Very few people are addicted to heroin because

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<v Speaker 1>they want to be addicted. Most people UM stumble onto

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<v Speaker 1>the use. Maybe they've been on pain killers and suddenly

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<v Speaker 1>they couldn't get the pain killers anymore and they found

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<v Speaker 1>themselves addicted. Teresa Jacob, I'd like to talk to you today.

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<v Speaker 1>Thank you for joining us. Oh, thank you so much

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<v Speaker 1>for having us. She is the mayor of Orange County

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<v Speaker 1>here in Florida. We're live at Pershing's Insight sixteen conference

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<v Speaker 1>at the Higher Regency in Orlando. I'm Kathleen Hayes along

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<v Speaker 1>with Pim Fox, and this is Bloomberg Radio. Bloomberg Taking

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