Bond Commission OKs $560M for N.O. area projects
BATON ROUGE, La. — The State Bond Commission approved $560 million in funding for projects in the New Orleans area.
Projects scheduled to receive a piece of the money include:
• $300 million in Gulf Opportunity Zone bonds to the Louisiana Community Development Authority to develop and build of a container transfer facility by Sea Point in Plaquemines Parish on the Mississippi River in Venice;
• final approval of $100 million in GO Zone bonds to the St. Charles Parish Council to develop and build the REG Destrehan Project, a dual-grade biodiesel production facility in St. Rose;
• final approval of $30 million to the Louisiana Public Facilities Authority for the Tulane University of Louisiana Project to build a new dorm, in addition to new facilities and improvements on the St. Charles Avenue campus;
• final approval of taxable revenue bonds for $4 million to redevelop 150 mixed-income rental units on Gentilly Boulevard and $3.25 million for the final phases of redevelopment on the former Desire public housing site;
• preliminary approval for $60 million in industrial revenue bonds to the Industrial Development Board of the city of New Orleans to redevelop the Dominion Tower office building and renovate the New Orleans Centre Mall by Zelia LLC;
• $11.7 million in multifamily housing revenue bonds to the Louisiana Housing Finance Agency for phase two of the Muses II, a residential project serving low- and moderate-income families in New Orleans;
• $14 million in limited tax bonds to the Plaquemines Parish Law Enforcement District to build a deputy sheriff training center and juvenile detention center; and
• $10 million in American Recovery and Reinvestment Act bonds to build and rehabilitate St. Charles Parish schools.
The board also approved $26 million in sewer revenue bonds for Kenner and approved the Jefferson Parish Fire Protection District No. 6 for a 25 mills tax for 10 years to build, acquire and maintain fire protections facilities and equipment.
