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"At approximately 12:41 pm there was a robbery at the Gulf Coast Bank branch located in the 200 block of N. Carrollton Avenue in Mid-City."more>> "At approximately 12:41 pm there was a robbery at the Gulf Coast Bank branch located in the 200 block of N. Carrollton Avenue in Mid-City."more>> "Operation of the Gretna ferry will cease as no funding was dedicated to the ferry during the legislative session."more>> "DOTD will utilize available funding and continue operations of the Chalmette ferry on its current schedule, as well as the Algiers/Canal ferry on an adjusted schedule. Operation of the Gretna ferry will cease as no funding was dedicated to the ferry during the legislative session."more>> The LSU Board of Supervisors has agreed to a contract privatizing its rural Bogalusa hospital in January.more>> The LSU Board of Supervisors has agreed to a contract privatizing its rural Bogalusa hospital in January.more>> Lt. Gov. Jay Dardenne asked the Louisiana seafood promotion board to draw up a strategic plan and said he'll seek an audit of its finances as he assumes oversight of its operations.more>> Lt. Gov. Jay Dardenne asked the Louisiana seafood promotion board to draw up a strategic plan and said he'll seek an audit of its finances as he assumes oversight of its operations.more>> Federal prosecutors have secured new indictments against a former BP engineer and a former BP executive charged separately with obstructing probes of the company's 2010 oil spill in the Gulf of Mexico.more>> Federal prosecutors have secured new indictments against a former BP engineer and a former BP executive charged separately with obstructing probes of the company's 2010 oil spill in the Gulf of Mexico.more>> "Officers are asking the public's help in finding 15-year old Shanna Rodgers, who was last seen yesterday at about 10:00 P.M."more>> "Officers are asking the public's help in finding 15-year old Shanna Rodgers, who was last seen yesterday at about 10:00 P.M."more>> Jefferson Parish Sheriff's investigators say a 13-year-old boy killed his young sister when he tried wrestling moves on the 5-year-old girl.
more>> Jefferson Parish Sheriff's investigators say a 13-year-old boy killed his young sister when he tried wrestling moves on the 5-year-old girl.more>> Green Wave fans and supporters have been willing to open their wallets to ensure the university finally gets back something it hasn't had since the old Tulane Stadium closed in 1974: an on-campus football experience.more>> Green Wave fans and supporters have been willing to open their wallets to ensure the university finally gets back something it hasn't had since the old Tulane Stadium closed in 1974: an on-campus football experience.more>> Mandeville Police have arrested the owner of "Mr. Move" moving company and charged him with Extortion and Unauthorized use of a Movable.more>> Mandeville Police have arrested the owner of "Mr. Move" moving company and charged him with Extortion and Unauthorized use of a Movable.more>> Authorities say six Terrebonne Parish oystermen were arrested for taking oysters during a closed season.more>> Authorities say six Terrebonne Parish oystermen were arrested for taking oysters during a closed season.more>>
BATON ROUGE, La. (AP) - Louisiana is paying $108 million to get out of a deal that helped rebuild and upgrade the Superdome in New Orleans after Hurricane Katrina, but that exploded in interest costs.
The State Bond Commission received the final details Thursday of the debt refinancing for the Louisiana Stadium and Exposition District that includes the termination payment to end the previous arrangement.
The LSED is borrowing $361 million to restructure the bond deal from 2006 that became saddled with problems as part of the credit crunch and financial downturn two years after the deal was struck.
The $108 million termination penalty will be rolled into the refinanced borrowing and paid off over decades with the rest of the debt. The arrangement also ends litigation with Merrill Lynch over the previous arrangement.
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