- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Helena Moreno wants a payday loan.
Posted on 4/28/26 at 2:33 pm to fightin tigers
Posted on 4/28/26 at 2:33 pm to fightin tigers
41 million dollars is not a good deal
1
Posted on 4/28/26 at 2:33 pm to Cell of Awareness
In the abstract, I hate the deal.
For New Orleans, we typically get one halfway decent mayor followed up by a disaster. The halfway decent mayor is able to get the city somewhat back on track after spending most of their time and capital getting out of the big pothole the previous mayor left.
Helena is the halfway decent mayor in this case. I’d rather accelerate those future payment for her (which let’s be honest is mostly to plug in the gaps left by her predecessor) than leave that asset to the disaster that will surely follow her.
But yeah I don’t love it at all.
For New Orleans, we typically get one halfway decent mayor followed up by a disaster. The halfway decent mayor is able to get the city somewhat back on track after spending most of their time and capital getting out of the big pothole the previous mayor left.
Helena is the halfway decent mayor in this case. I’d rather accelerate those future payment for her (which let’s be honest is mostly to plug in the gaps left by her predecessor) than leave that asset to the disaster that will surely follow her.
But yeah I don’t love it at all.
Posted on 4/28/26 at 2:36 pm to tigersmanager
quote:
41 million dollars is not a good deal
That is 4% return on your money.
Posted on 4/28/26 at 2:37 pm to Cell of Awareness
What’s the benefit to Caesar’s? They must be benefiting financially from this deal tremendously at the expense of the taxpayers of New Orleans or else they would never do it.
What’s the present value of the rent payments that they would pay over the next 10 years? It must be significantly higher than what the upfront payment would be or else Caesar’s wouldn’t do it.
What’s the present value of the rent payments that they would pay over the next 10 years? It must be significantly higher than what the upfront payment would be or else Caesar’s wouldn’t do it.
This post was edited on 4/28/26 at 2:43 pm
Posted on 4/28/26 at 2:38 pm to cbree88
I'm sure either a heavily discounted rent amount or a fixed rent amount
Posted on 4/28/26 at 2:38 pm to Cell of Awareness
She is rendering unto Caesar the things which are Caesar's for a few shekels today.
Posted on 4/28/26 at 2:39 pm to Kcrad
quote:
She is rendering unto Caesar the things which are Caesar's for a few shekels today.
ay two, Kcrad??
Posted on 4/28/26 at 2:41 pm to Cell of Awareness
Finance gurus, what is real rent discount the city of Nola is giving Caesars at $103 million present value infusion?
That is the “Latoya tax”, the gift that keeps on giving, for leaving Nola cash strapped.
That is the “Latoya tax”, the gift that keeps on giving, for leaving Nola cash strapped.
Posted on 4/28/26 at 2:47 pm to 777Tiger
quote:
ay two, Kcrad??
et tu*
lol
Posted on 4/28/26 at 2:50 pm to Cell of Awareness
A temporary solution to a long-term problem. If they use the time it buys them to cut enough from the city's budget to make it balance, then it will be worth it. If not...
Posted on 4/28/26 at 2:51 pm to tigeraddict
quote:
Didnt chicago do the same with their parking meter revenue..... worked out really well fo rthem......should work out the same for new Orleans
Chicago did a 75 year deal in the blind. This is a 9 year deal with black and white math on an acceleration on known value. I don't have an opinion on whether this is a good or bad idea, but this isn't on the same planet as the Chicago fiasco.
Posted on 4/28/26 at 3:04 pm to Cell of Awareness
quote:
The plan would essentially trade nearly a decade of future casino rent payments for a one-time infusion of about $103 million.
Put that on black and double it.
Posted on 4/28/26 at 3:06 pm to 777Tiger
quote:
the answer probably involves shady politics and cronyism, but why would Caesar's be renting and not owning the property outright?
Because it was formerly the Rivergate which is owned by the city.
They just never sold it.
Posted on 4/28/26 at 3:08 pm to tigeraddict
quote:
Didnt chicago do the same with their parking meter revenue..... worked out really well fo rthem......should work out the same for new Orleans
No one knew what the future value of meter revenue would be
The future lease payments are known.
Discounting them north of 8 percent is insane… but this is nothing like the meter deal
Posted on 4/28/26 at 3:09 pm to Cell of Awareness
To be fair to Helena, she doesn't have a lot of good options. She has inherited one of the worst situations imaginable. Whatever you think the situation that Latoya left this city in, its worse. Its catastrophic bad.
She's cut city spending drastically but it was never going to be enough
Not saying this is the right call, but there's not a lot of good options
She's cut city spending drastically but it was never going to be enough
Not saying this is the right call, but there's not a lot of good options
Posted on 4/28/26 at 3:10 pm to Joshjrn
quote:
Chicago did a 75 year deal in the blind. This is a 9 year deal with black and white math on an acceleration on known value. I don't have an opinion on whether this is a good or bad idea, but this isn't on the same planet as the Chicago fiasco.
The two aren't even comparable
Posted on 4/28/26 at 3:10 pm to SlowFlowPro
quote:
Not a bad deal in terms of raw #s but it's being used to plug holes now and will expose bigger ones over the next 8 years I'd imagine
Supposedly it will be put in reserves and not spent in current budget, so likely might get some interest on that which helps a bit.
City is realizing that next hurricane, FEMA isn’t going to help as much, do they need to be prepared.
Posted on 4/28/26 at 3:14 pm to Cell of Awareness
quote:
The plan would essentially trade nearly a decade of future casino rent payments for a one-time infusion of about $103 million. In exchange, the city would forgo its rights to Caesars’ rent payments from 2026 through 2035, receiving the lump sum upfront instead.
This is exactly the sort of short-term thinking you'd expect from Democrats.
Posted on 4/28/26 at 3:14 pm to cbree88
quote:
What’s the benefit to Caesar’s? They must be benefiting financially from this deal tremendously at the expense of the taxpayers of New Orleans or else they would never do it.
Caesar’s is not really involved. City is using a JD Wentworth type and selling the future imcome stream for current cash, so all Caesar’s does is send the check to a different address.
Now? What’s the benefit for JD Wentworth? The discount rate.
Posted on 4/28/26 at 3:15 pm to Fun Bunch
quote:
To be fair to Helena, she doesn't have a lot of good options. She has inherited one of the worst situations imaginable
Helena was on the city council! Total incompetence by Helena and the city council to not know what was going on with city budgets, etc.
Page 2 of 5
Popular
Back to top
Follow TigerDroppings for LSU Football News