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re: Deal to replace PMAC arena could require LSU land, new tax. Public can't see the details.
Posted on 3/21/24 at 8:14 am to WPBTiger
Posted on 3/21/24 at 8:14 am to WPBTiger
quote:
economic development district
I don't understand why people keep voting for these. Especially considering that it seems like most of the time these special districts are just political slush funds and the money inevitably ends up misappropriated.
Another aspect is, who's going to own the arena and land when everything is finished?
I wouldn't be surprised if it ends up being the developer who will own previously state owned land and a brand new arena which LSU will pay a fortune to use.
Or the state will "own" the land but pay to use the building.
This post was edited on 3/21/24 at 8:17 am
1
Posted on 3/21/24 at 9:17 am to KamaCausey_LSU
The land remains lsu. Lsu will lease the arena for 30 yrs. After 30 yrs, ownership will transfer to LSU.
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