- 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
Watchdog group in New Orleans says Convention Center hotel will cost taxpayers $800m
Posted on 4/10/20 at 11:51 am
Posted on 4/10/20 at 11:51 am
quote:
A new 1,200-room hotel at the Morial Convention Center downtown is a risky proposal now that the coronavirus has disrupted New Orleans’ tourism industry and its major business meeting schedule.
That’s the conclusion of a new report from the Bureau of Governmental Research.
The watchdog group has been critical of the project in the past because of its heavy reliance on public subsidies. It estimates some $800 million in taxpayer support will be needed over 40 years in order to build the hotel adjacent to the riverfront facility.
LINK
This post was edited on 4/10/20 at 10:51 pm
16
Posted on 4/10/20 at 11:52 am to SPEEDY
Why is the governement subsidizing a hotel?
Posted on 4/10/20 at 11:54 am to SPEEDY
Why are they allowed to build a hotel with tax payers dollars that competes with private hotels?
Posted on 4/10/20 at 11:54 am to Cosmo
downtown New Orleans has a severe hotel shortage right now apparently
Posted on 4/10/20 at 11:55 am to SPEEDY
Louisiana is hilarious from the outside looking in
Posted on 4/10/20 at 11:56 am to Cosmo
It's the only way they can sucker business into Louisiana.
Posted on 4/10/20 at 11:56 am to sand mountainDvalues
quote:FIFY
Louisiana is scandalous from the outside looking in
And the view from inside is even worse.
Posted on 4/10/20 at 11:57 am to sand mountainDvalues
quote:
Louisiana is hilarious from the outside looking in
I'm sure it is. We have natural resources out the arse and we have to pay companies to come take it.
Posted on 4/10/20 at 12:00 pm to SPEEDY
fix your link, baw
Posted on 4/10/20 at 12:02 pm to SPEEDY
They gave a collapsed hotel with bodies still in it that they can’t get right and they want to build another?
Posted on 4/10/20 at 12:05 pm to SPEEDY
Better than ever
Posted on 4/10/20 at 12:22 pm to SPEEDY
Sounds like a hell of a deal that we can’t afford to be without. Build it and put the bond holders on the hook when it goes bankrupt. LOL
Posted on 4/10/20 at 12:27 pm to SPEEDY
Should’ve kept the tolls on the CCC...
Posted on 4/10/20 at 12:30 pm to sand mountainDvalues
quote:
Louisiana is hilarious from the outside looking in
It really is.
Unless you are pulling for them but then they do stupid shite like this and it makes it hard to pull for them.
The state and its government need to implode and start over. It is corrupt and poorly run and it needs to end somehow.
Posted on 4/10/20 at 12:44 pm to Cosmo
quote:
Why is the governement subsidizing a hotel?
Because the state of Louisiana couldn't put their greed aside long enough to get one Buccees store - ONE LOUSY STORE to open.
No businesses want to set up shop in Louisiana. The oil companies that get the oil from offshore La are headquartered in Houston Texas. Why? Because they are smart and want to continue to be in business.
Louisiana is a cesspool of a business serial killer just waiting for some unknowing victim to be stupid enough to set up shop. Luckily pretty much everyone alive knows that now.
So the intelligent government that turns shite into gold decided they can build and operate a business establishment. Especially as long as they have millions of idiots on the hook to pay for it.
WIN, WIN for the state and their corruption.
Posted on 4/10/20 at 12:51 pm to Cosmo
quote:
Why is the governement subsidizing a hotel?
Easy way for politicians to make money
Posted on 4/10/20 at 1:12 pm to Cosmo
quote:
Why is the governement subsidizing a proffessional football team?
FIFY
Posted on 4/10/20 at 1:14 pm to SPEEDY
It is a stupid idea.
Taxpayers should not be made to do this.
Taxpayers should not be made to do this.
Posted on 4/10/20 at 1:20 pm to SPEEDY
The subsidy will give them a leg up on the competition.
Posted on 4/10/20 at 3:56 pm to MrLSU
Fed will bail them out along with every other junk bond holder
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News