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Governor Bobby Jindal joined area leaders at Nicholls State University Tuesday for a big announcement. A company based in Lafourche Parish since the 1940's is planning a major expansion around the state.
more>> Governor Bobby Jindal joined area leaders at Nicholls State University Tuesday for a big announcement. A company based in Lafourche Parish since the 1940's is planning a major expansion around the state.
more>> A businessman gets results, after making a public plea to help him find the man who he says ripped him off.more>> A businessman gets results, after making a public plea to help him find the man who he says ripped him off.more>> A former federal prosecutor tells a local community activist he's had enough of her comments.more>> A former federal prosecutor tells a local community activist he's had enough of her comments.more>> Lawmakers move one step closer to stripping financial control of the Coroner's Office from Dr. Peter Galvan, and the St. Tammany Parish coroner and many of his higher-paid staff could be close to getting their paychecks cut.more>> Lawmakers move one step closer to stripping financial control of the Coroner's Office from Dr. Peter Galvan, and the St. Tammany Parish coroner and many of his higher-paid staff could be close to getting their paychecks cut.more>> Senators postponed a vote Tuesday on a controversial bill that would prohibit enforcement in Louisiana of any federal bans on assault weapons, after opponents called the measure unconstitutional.more>> Senators postponed a vote Tuesday on a controversial bill that would prohibit enforcement in Louisiana of any federal bans on assault weapons, after opponents called the measure unconstitutional.more>> Lawmakers are looking for ways to create roadblocks for Planned Parenthood's construction of a new facility in New Orleans that would provide abortions in addition to other health care services for women.more>> Lawmakers are looking for ways to create roadblocks for Planned Parenthood's construction of a new facility in New Orleans that would provide abortions in addition to other health care services for women.more>> A 41-year-old man is living and breathing with a heart made of plastic. Alfred Williams received the first Total Artificial Heart transplant in the Gulf South three months ago at Ochsner.
more>> A 41-year-old man is living and breathing with a heart made of plastic. Alfred Williams received the first Total Artificial Heart transplant in the Gulf South three months ago at Ochsner.
more>> Three years after the Gulf oil disaster, areas of the South Louisiana marsh fall silent.
more>> Three years after the Gulf oil disaster, areas of the South Louisiana marsh fall silent. Researchers expected the wildlife population to be impacted by oil in the first year and then bounce back. In some areas, that has yet to happen.more>> TripAdvisor users are giving New Orleans enough positive feedback to make the city one of the website's top U.S. tourism destinations for 2013.more>> TripAdvisor users are giving New Orleans enough positive feedback to make the city one of the website's top U.S. tourism destinations for 2013.more>> While the New Orleans area isn't spared of tornadoes, it rarely sees storms as powerful as the one that hit near Oklahoma City. But five months ago, people in nearby McNeill felt the brunt of an EF-3 tornado.
more>> While the New Orleans area isn't spared of tornadoes, it rarely sees storms as powerful as the one that hit near Oklahoma City. But five months ago, people in nearby McNeill felt the brunt of an EF-3 tornado.
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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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