re: New LSU Arena? - EBR Metro Council Agenda

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There are lots of comments her that speculate, but if you read the agenda of the ordinance it explains it.

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METRO COUNCIL OF THE
CITY OF BATON ROUGE
PARISH OF EAST BATON ROUGE
LOUISIANA

ORDINANCE NO. _____
AN ORDINANCE
(1) ACKNOWLEDING THAT THE TIGER ATHLETIC FOUNDATION (“TAF”) IS SOLICITING PROPOSALS FROM QUALIFIED DEVELOPERS TO DESIGN, CONSTRUCT, PROVIDE CONSTRUCTION FINANCING, PROVIDE LONG TERM FINANCING, OWN, OPERATE AND MAINTAIN IMPROVEMENTS, STRUCTURES, FURNISHINGS, FIXTURES AND EQUIPMENT REQUIRED (“DEVELOPMENT”) FOR A BEST-IN-CLASS ARENA (“NEW LSU ARENA”) FOR USE BY THE LOUISIANA STATE UNIVERSITY AND A&M COLLEGE (“LSU”) ARENA SPORTS AND ACTIVITIES AND PRESENTING MUSIC AND ENTERTAINMENT (“SPORTS AND ENTERTAINMENT ACTIVITIES”) FOR THE GREATER EAST BATON ROUGE REGION (“TAF PROJECT”); AND


(2) RECOGNIZING THAT THE TAF PROJECT WILL PROVIDE SIGNIFICANT BENEFIT TO THE CITIZENS OF THE CITY OF BATON ROUGE – PARISH OF EAST BATON ROUGE (“CITY-PARISH”) AND AS A RESULT THE CITY-PARISH, REPRESENTED BY THE METROPOLITIAN COUNCIL (“METRO COUNCIL”), SUPPORTS THE DEVELOPMENT OF THE TAF PROJECT; AND


(3) FURTHER RECOGNIZING THAT A COMPETING FACILITY IN THE GREATER EAST BATON ROUGE REGION TO THE NEW LSU ARENA, WILL PREVENT THE DEVELOPMENT OF THE TAF PROJECT, IF THE NEW LSU ARENA IS DEVELOPED AND THEREAFTER CONSTRUCTED, THE CITY-PARISH, REPRESENTED BY THE METRO COUNCIL, AGREES TO RESTRICT, PREVENT AND PROHIBIT LIVE MUSIC AND ENTERTAINMENT ACTIVITIES TO BE HELD OR CONDUCTED INSIDEROPERTY OWNED BY THE CITY-PARISH, INCLUDING, THE RAISING CANE’S RIVER CENTER COMPLEX (“RIVER CENTER COMPLEX”), OTHER THAN THE RIVER CENTER PERFORMING ARTS THEATRE (“CITY-PARISH RESTRICTION”) AND THE EXHIBITION HALL FOR LIVE MUSIC AND ENTERTAINMENT EVENTS WITH NO GREATER THAN 3,500 ATTENDEES, UNLESS OTHERWISE AGREED UPON BY THE METRO COUNCIL AND TAF IN WRITING.


(4) FURTHER RECOGNIZING THE CRITICAL NEED FOR ADDITIONAL CONVENTION AND MEETING CENTER CAPACITY IN CONNECTION WITH THE RIVER CENTER COMPLEX (“ADDITIONAL CONVENTION CAPACITY”), TOGETHER WITH A CONVENTION HOTEL AND MEETING FACILITY (“CONVENTION HOTEL”), THE METRO COUNCIL WISHES TO AUTHORIZE THE MAYOR-PRESIDENT TO IDENTIFY ONE OR MORE STRATEGIES FOR DEVELOPING ADDITIONAL CONVENTION CAPACITY AND SOLICITING A DEVELOPER TO DEVELOP A CONVENTION HOTEL; AND



(5) FURTHER RECOGNIZING THAT THE NEW LSU ARENA, THE ADDITIONAL CONVENTION CAPACITY AND THE CONVENTION HOTEL WILL RESULT IN SIGNIFICANT ECONOMIC DEVELOPMENT AND PUBLIC BENEFITS; AND

(6) PROVIDING FOR OTHER MATTERS IN CONNECTION WITH THE FOREGOING.

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