Senate Bill 2745 gives the Department of Finance and Administration authority over the leases near the stadium. After several revisions this legislative session, the final bill allowed a 40-year lease with a 10-year extension. It would mean a developer could get financing for a mixed-use development such as the one proposed for that area.
The project near Veterans Memorial Stadium will be built by a developer from Texas and includes a hotel, offices, retail shops and apartments, Rep. Cecil Brown said. It will also mean millions of dollars for the city and surrounding area.
About the Author(s)
Magnolia Tribune
This article was produced by Magnolia Tribune staff.
More Like This
News
|
Lisa Mascaro, Associated Press
, Mary Clare Jalonick, Associated Press
, Matt Brown, Associated Press
•
July 1, 2025
Senate passes Trump’s big tax breaks and spending cuts bill as Vance breaks 50-50 tie
The bill next goes back to the House, where Speaker Mike Johnson of Louisiana warned off big revisions from his chamber’s version.
More From This Author
Previous Story
Next Story
DC
|
Lisa Mascaro, Associated Press
, Mary Clare Jalonick, Associated Press
, Matt Brown, Associated Press
•
July 1, 2025
Senate churns through overnight session as Republicans seek support for Trump’s big bill
An endgame appears to be taking shape Tuesday. Vice President Vance is on hand if needed to break a tie vote as Democrats try to defeat the package.
