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Louisiana lawmakers won’t commit on Superdome renovations

Louisiana lawmakers won’t commit on Superdome renovations
IMPRESSED. >> IF THEY'VE SEEN IT ON TELEVISION AND SEEN RENDERINGS AND THEY'VE SEEN IT, WHEN THEY WALK IN HERE ON THE 23RD FOR THAT MONDAY NIGHT GAME, IT WILL BE W!OW SHERMAN: SUPERDOME OFFICIALS CAN'T WAIT TO ALLOW FANS INSIDE FOR THE UPCOMING SEASON. THE BIGGEST RENOVATNIO TO THE HOME OF THE SAINTS IN OVER 50 YEARS WILL BE NEAR COMPLETE. PHASENE O FOCUSED ON FOUNDATIONS AND STAIRS. PHASE TWO IS ALL ABOUT THE FEATURES. NEW VIEWING DECKS AND SEATING IN THE 200 AND 050 LEVELS. BETTER OPTIONS FOR A.D.A. PATRONS AND PREMIUM FEATURES IN THE CLUBS AND THE MORE IMPRESSIVE WORK, THE FIELD LELEV SUITES. >> FIELD LEVEL SUITES. SOMEBODY IS GOING TO END UP IN SOMEBODY'S LAP. I NCA TELL YOU THAT. SOMEBODY -- MICHAEL THOMAS OR SOME RECEIVER IS GOING TO END UP IN SOMEBODY'S LAP. SHERMAN: AFTER AN UNPRECEDENTED YEAR WITH COVID-19,HE T REWARD IS GETTING THE DEVOTED BLACK AND GOLD FANS BACK IN THE DOME. >> LAST YEAR, WHEN WE HAD 3,000, IT WAS KIND OF OH, THAT SOUNDS FUN. WE H AD6,000 AND IT SOUNDED LIKE THE SUPER BOWL. SO I CAN'T IMAGINE 10 TIMES THAT AND FANS WHO HAVE BEEN WAITING FOR A YEAR TO UNLEASH THEIR VOICES FOR THE SAINTS. >> ON THE 10-YARD LINE, SECTION 111 AND I'M GOING TO GET A GOOD LOOK AT THEM, MAN. I'M EXCITED ABOUT .IT SHERMAN: AND LEROY MITCHELL KNOWN BY MANY AS THE WHISTLE MONSTER COULDN'T AGREE MORE. HE'S URGING FANS TO BRING THEIR A GAME IN THIS NEY WLCONSTRUCTED SPACE. >> WE REALLY SHOULD SET THE LEVEL, GUYS. WE REALLY SHODUL SET THE LEVEL OF JUST TAKING IT TO THE NEXT LEVEL ON ERYVE LEV.EL WIN, LOSE OR DRAW. WE'RE NOT GOING TO WIN EVERY GAME AND WREE' NOT GOING TO LEOS EVERY GAME. WHAT WE CAN DO EVERY GAME IS BE STRONG, LOUD AND PROUD AND NOT GIVEP. SHERMAN: TOLD YOU HE WAS A GOOD WHISTLER. NOW, THE SPOKESPERSON FROM THE SAINTS ORGANIZATION TELLS ME THAT ALTHOUGH THAT 10-YEAR AGREEMENT WHIT MERCEDES-BENZ HAS ENDED, THEY'LL CONTINUE TO PARTNER UP WITHHE T COMPANY IN OTHER WAYS IN THE FUTURE. BUT IN THE MEANTIME, NO OFFICIAL RENAMING OF THE SUPERDOME JUST YET. REPORTING FROM T
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Louisiana lawmakers won’t commit on Superdome renovations
Louisiana’s legislative leaders balked Thursday at a $63 million debt forgiveness plan for the Superdome’s oversight board that Gov. John Bel Edwards’ administration framed as a key piece of striking a new deal with the New Orleans Saints.The Bond Commission discussion of that proposal and other ideas for steering state money to Superdome renovations brought no resolution. It remains unclear whether state lawmakers will pay for Edwards’ commitment that Louisiana will cover $90 million of the $450 million in stadium improvements.Treasurer John Schroder seemed exasperated over the question of whether the Legislature would agree to finance some of the renovations that remained unresolved after more than two years since the Democratic governor made the deal public.“It’s decision time,” said the Republican treasurer, who chairs the Bond Commission. The Superdome managers “need to be able to plan. We need to give them an answer.”So far, the state has committed about $3 million to the Superdome upgrades, with another $25 million authorized — but not guaranteed — through the state’s construction budget.A contract for the next phases of the construction work “cannot be signed without some certainty on a revenue stream,” said Commissioner of Administration Jay Dardenne, the governor’s chief budget adviser.The Edwards administration is proposing that $63 million come from forgiving outstanding debts owed by the Superdome oversight board, the Louisiana Stadium and Exposition District. The Bond Commission would have to approve that debt relief, and Cortez and other lawmakers on the commission are resistant to the idea.Cortez said he thinks the debt forgiveness would set a bad precedent. But he didn’t entirely shut the door on finding an approach to financing the Superdome renovations, and he said he wants the Saints to stay in Louisiana.“I want to work toward fixing this,” the Senate president said.He said he’s had difficulty getting information from the Louisiana Stadium and Exposition District about the financing of the early, completed phases of the Superdome renovations and didn’t understand the urgency of the state putting up $90 million when there’s other money available.“I don’t have the facts that are relevant,” Cortez said.The Superdome improvement plan calls for the state covering $90 million of the renovations, the Saints putting up $150 million and the Louisiana Stadium and Exposition District paying $210 million.The $450 million in upgrades to the nearly 50-year-old iconic stadium in downtown New Orleans — with expanded club and suite levels, new concession stands, viewing decks and other improvements — was part of a plan aimed at keeping the Saints in New Orleans through 2055.“Their lease is dependent on this,” Dardenne said.The state’s current lease with the NFL team expires in 2025, though Saints owner Gayle Benson has pledged she intends to keep the club in New Orleans long-term.Louisiana is sitting on a hefty state surplus, along with billions of dollars in unspent federal pandemic relief aid. A portion of that money could be used for the stadium improvements. But Dardenne said legislative decision-making sometime next year on whether to spend those dollars for the Superdome would take too long and could disrupt the construction plans.The debt owed by the Louisiana Stadium and Exposition District stems from 2013, when the state refinanced a prior loan used to restore the Superdome after Hurricane Katrina. The district is making annual payments on the debt to the state through 2039.Dardenne’s hoping the Bond Commission will support the debt forgiveness idea in November. The Edwards administration, Cortez and other lawmakers said they’d meet about the issue before next month’s meeting.But several legislative leaders have questioned whether the state should be paying for the stadium improvements at all. Rep. Stuart Bishop, a Lafayette Republican, suggested he believes the public would prefer the state spending millions on roadwork rather than “better suites in the Superdome.”

Louisiana’s legislative leaders balked Thursday at a $63 million debt forgiveness plan for the Superdome’s oversight board that Gov. John Bel Edwards’ administration framed as a key piece of striking a new deal with the New Orleans Saints.

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The Bond Commission discussion of that proposal and other ideas for steering state money to Superdome renovations brought no resolution. It remains unclear whether state lawmakers will pay for Edwards’ commitment that Louisiana will cover $90 million of the $450 million in stadium improvements.

Treasurer John Schroder seemed exasperated over the question of whether the Legislature would agree to finance some of the renovations that remained unresolved after more than two years since the Democratic governor made the deal public.

“It’s decision time,” said the Republican treasurer, who chairs the Bond Commission. The Superdome managers “need to be able to plan. We need to give them an answer.”

So far, the state has committed about $3 million to the Superdome upgrades, with another $25 million authorized — but not guaranteed — through the state’s construction budget.


A contract for the next phases of the construction work “cannot be signed without some certainty on a revenue stream,” said Commissioner of Administration Jay Dardenne, the governor’s chief budget adviser.

The Edwards administration is proposing that $63 million come from forgiving outstanding debts owed by the Superdome oversight board, the Louisiana Stadium and Exposition District. The Bond Commission would have to approve that debt relief, and Cortez and other lawmakers on the commission are resistant to the idea.

Cortez said he thinks the debt forgiveness would set a bad precedent. But he didn’t entirely shut the door on finding an approach to financing the Superdome renovations, and he said he wants the Saints to stay in Louisiana.

“I want to work toward fixing this,” the Senate president said.

He said he’s had difficulty getting information from the Louisiana Stadium and Exposition District about the financing of the early, completed phases of the Superdome renovations and didn’t understand the urgency of the state putting up $90 million when there’s other money available.

“I don’t have the facts that are relevant,” Cortez said.

The Superdome improvement plan calls for the state covering $90 million of the renovations, the Saints putting up $150 million and the Louisiana Stadium and Exposition District paying $210 million.

The $450 million in upgrades to the nearly 50-year-old iconic stadium in downtown New Orleans — with expanded club and suite levels, new concession stands, viewing decks and other improvements — was part of a plan aimed at keeping the Saints in New Orleans through 2055.

“Their lease is dependent on this,” Dardenne said.

The state’s current lease with the NFL team expires in 2025, though Saints owner Gayle Benson has pledged she intends to keep the club in New Orleans long-term.

Louisiana is sitting on a hefty state surplus, along with billions of dollars in unspent federal pandemic relief aid. A portion of that money could be used for the stadium improvements. But Dardenne said legislative decision-making sometime next year on whether to spend those dollars for the Superdome would take too long and could disrupt the construction plans.

The debt owed by the Louisiana Stadium and Exposition District stems from 2013, when the state refinanced a prior loan used to restore the Superdome after Hurricane Katrina. The district is making annual payments on the debt to the state through 2039.

Dardenne’s hoping the Bond Commission will support the debt forgiveness idea in November. The Edwards administration, Cortez and other lawmakers said they’d meet about the issue before next month’s meeting.

But several legislative leaders have questioned whether the state should be paying for the stadium improvements at all. Rep. Stuart Bishop, a Lafayette Republican, suggested he believes the public would prefer the state spending millions on roadwork rather than “better suites in the Superdome.”