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Several residents gathered for a workshop in Mandeville to learn how FEMA's new flood insurance rates might affect their properties.more>> Several residents gathered for a workshop in Mandeville to learn how FEMA's new flood insurance rates might affect their properties.more>> He played a tough mob boss on HBO's hit series "The Sopranos," but people who met James Gandolfini remember a kind, gentle man.
more>> He played a tough mob boss on HBO's hit series "The Sopranos," but people who met James Gandolfini remember a kind, gentle man.more>> Officer John Ray, a 38-year veteran, was indicted last December on a charge of public bribery, which was later amended to malfeasance.
more>> Officer John Ray, a 38-year veteran, was indicted last December on a charge of public bribery, which was later amended to malfeasance.
more>> "Two women were arrested and one's husband is sought after St. Bernard Parish narcotics agents broke up a small meth lab behind a Chalmette house."more>> "Two women were arrested and one's husband is sought after St. Bernard Parish narcotics agents broke up a small meth lab behind a Chalmette house late Wednesday afternoon, acting on information that three young children in the house could be in danger."
more>> Gov. Bobby Jindal on Wednesday signed into law a bill that makes it a crime for journalists or anyone else to publicly identify concealed handgun permit holders or applicants.more>> Despite criticism it would violate the First Amendment, Gov. Bobby Jindal on Wednesday signed into law a bill that makes it a crime for journalists or anyone else to publicly identify concealed handgun permit holders or applicants.more>> Mandeville police have booked the owner of a Metairie moving company with extortion and more arrests are expected soon.more>> Mandeville police have booked the owner of a Metairie moving company with extortion and more arrests are expected soon.more>> The president of St. Tammany Parish says she's moving ahead with efforts to take control of the coroner's finances, in spite of a lawsuit challenging that effort.
more>> The president of St. Tammany Parish says she's moving ahead with efforts to take control of the coroner's finances, in spite of a lawsuit challenging that effort. Pat Brister says a new financial report gives good reason why the takeover needs to take place.
more>> Each summer, massive areas of the usually fertile Gulf of Mexico fishing grounds become uninhabitable to most sea life.
more>> Each summer, massive areas of the usually fertile Gulf of Mexico fishing grounds become uninhabitable to most sea life. FOX 8 spoke with a scientist who says this year the "dead zone" may be the largest since monitoring began in 1985.
more>> By saying he intends to bargain with Russia over new reductions in nuclear weapons, rather than make cuts on his own, President Barack Obama is asking for cooperation from a former Cold War foe in no mood to agree.more>> By saying he intends to bargain with Russia over new reductions in nuclear weapons, rather than make cuts on his own, President Barack Obama is asking for cooperation from a former Cold War foe in no mood to agree.more>> Federal agents say a bank robber wearing a reflective work vest held up the Gulf Coast Bank branch in Mid-City early Wednesday afternoon.
more>> Federal agents say a bank robber wearing a reflective work vest held up the Gulf Coast Bank branch in Mid-City early Wednesday afternoon.
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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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