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New Orleans council approves payday loan for cash strapped city
Posted on 5/7/26 at 1:47 pm
Posted on 5/7/26 at 1:47 pm
LINK
quote:
Mayor Helena Moreno’s administration can close on a $100 million deal to boost the city’s depleted reserves after the City Council approved the arrangement on Thursday.
The deal would see the city sell its rights to nine years of lease payments from the Caesar’s Casino and Hotel, and in exchange, receive $103 million this year from a private equity firm, TPG.
Council members approved the deal on the condition that the city uses the funds exclusively for emergency reserves, and that the Moreno administration report regularly on the status of the fund. The conditions came after good government nonprofit BGR suggested them, in a bid for more transparency around city spending.
Council members and City Hall officials celebrated the deal on Thursday, which is expected to close within the coming days.
11
Posted on 5/7/26 at 1:49 pm to Major Dutch Schaefer
It’ll be spent with a week
Posted on 5/7/26 at 2:05 pm to Gifman
None on anything that benefits taxpayers. Most likely to pay off lawsuits
Posted on 5/7/26 at 2:07 pm to BeepBopBoop
Oh they’ll use it to fund their pensions.
Posted on 5/7/26 at 2:11 pm to Major Dutch Schaefer
Posted on 5/7/26 at 2:39 pm to Major Dutch Schaefer
Free trips for errebody! 
Posted on 5/7/26 at 2:40 pm to Major Dutch Schaefer
24s on all the municipal vehicles.
Posted on 5/7/26 at 3:11 pm to Major Dutch Schaefer
Pigs (same ole insiders) will be lining up.
Posted on 5/7/26 at 3:15 pm to Major Dutch Schaefer
Posted on 5/7/26 at 3:20 pm to Major Dutch Schaefer
Imagine a couple of us baws being given unilateral authority to fix New Orleans. Just swiping away mass employment of useless individuals would solve most of the problems.
Posted on 5/7/26 at 3:22 pm to Major Dutch Schaefer
White flight is a bitch. Buh-bye tax base
Posted on 5/7/26 at 3:22 pm to Major Dutch Schaefer
Closer to the city of Detroit in Robocop every day. New Orleans on early track to be fully owned by a corporation in the future.
Posted on 5/7/26 at 4:15 pm to Major Dutch Schaefer
quote:
New Orleans council approves payday loan for cash strapped city
You get what you vote for.
Posted on 5/7/26 at 4:34 pm to Major Dutch Schaefer
When the chickens come home to roost next year, everyone, including half of this board, will blame PE.
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