re: Will Gentrification Ever Happen in Baton Rouge?

quote:

---

I told you the economics of that deal were greatly misunderstood and you proved my point perfectly when you said you heard the government put up most of the funds for construction.

---

I asked for information as you seemed to be more knowledgeable than I. Perhaps, I did misunderstand the deal.
Now I shouldn’t said the govt. put up more than half the money for construction. I corrected that said they put up 74 million dollars for the project. I got my information here. I don’t know what the construction costs were.

LINK /

quote:

---

According to the Associated Press, "the project involves about $74 million in public money over 12 years. Louisiana Economic Development is offering $29.5 million over 12 years - including $1.5 million in local money - for workforce costs and facility operation. State, federal and city money will put up a $30.5 million office building on the old Advocate newspaper site. It's to be developed by the Baton Rouge Area Foundation's real estate trust. The state is also providing $14 million over 10 years to increase the number of computer science graduates in Louisiana. At least 65 percent will expand Louisiana State University's computer science division."

---

You responded to me in a snarky way and asserted things I never said. Why are you so sensitive?

quote:

---

If you have a problem with the project as a whole, that’s fine. I won’t dispute that. But if you think the developer didn’t have to pass on more profitable projects due to its commitment to the IBM deal, you are mistaken.

---

All I said was the developer did well. I said that because if all the governmental help they received. If my opinion is wrong show me where. That’s all I ask.

And I never said anything about passing up other opportunities. I don’t know if they did or did not. My interest was in the IBM project only. It was touted as a big deal for EBR, LSU and our community.