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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 11:42 am to Tiger2tiga
Posted on 3/21/24 at 11:42 am to Tiger2tiga
quote:
The land remains lsu. Lsu will lease the arena for 30 yrs. After 30 yrs, ownership will transfer to LSU.
Where did you see this? Everything I read said the developer would own the building and make money on all the non-LSU events. I don't recall seeing anything about ownership of the arena transferring to LSU.
4
Posted on 3/21/24 at 11:44 am to dcw7g
It’s in every article written about the new arena.
Posted on 3/21/24 at 11:49 am to dcw7g
quote:
Where did you see this? Everything I read said the developer would own the building and make money on all the non-LSU events. I don't recall seeing anything about ownership of the arena transferring to LSU.
Most PPP deals transfer back to the government after so many years?
Why? Because the developer doesn't want a fully depreciated asset that will have higher and higher maintenance costs as it ages.
So transferring it back isn't exactly a selling point to me.
This post was edited on 3/21/24 at 11:50 am
Posted on 3/21/24 at 1:00 pm to dcw7g
quote:
Where did you see this? Everything I read said the developer would own the building and make money on all the non-LSU events. I don't recall seeing anything about ownership of the arena transferring to LSU.
It's literally in every article I've read about the project
Posted on 3/21/24 at 3:29 pm to dcw7g
the article that was published in the advocate.
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