Today, Gov. John Bel Edwards issued the following statement on the State Bond Commission’s unanimous approval of plans to finance renovations to the Superdome in New Orleans.
Gov. Edwards said:
“For several months, we have been working in partnership with the New Orleans Saints and the Louisiana Stadium and Exposition District behind the scenes on several business matters, including discussions of improvements to the Superdome.”
“The first major step happened today when the State Bond Commission approved financing for the LSED. I appreciate the Bond Commission’s support for this project, which I believe is necessary to keep the Superdome competitive for decades to come. The state has committed $90 million to this project, over the course of several years, and I am confident we will be able to meet this obligation.”
“Following today’s action, I believe that in short order, we will finalize a long-term lease extension that keeps the New Orleans Saints in the Superdome for many years to come. This is good economic news for the city and our state. Keeping the Saints Home at the Dome will be cause for celebration for current and future generations of Who Dats.”