Louisiana and NASA are exploring development of a 50-acre “space campus” business park in New Orleans, Gov. John Bel Edwards announced Wednesday.

The park would be situated within NASA’s 829-acre Michoud Assembly Facility site and would feature commercial offices for new and current tenants. The memorandum of understanding between NASA and the state’s economic development department seeks “to mutually explore development of the space campus to its highest and best use,” officials said.