Liberty Bowl redo - $220M

[VObserver]

Nevermind, then. I take back my poor assumption.

There is NO WAY a no income tax state could have better finances than those with income taxes. Impossible.

Exactly, Tennessee, Texas and Florida are all on the brink of financial ruin because of their pro business stance and their foolish decision to forego state income taxes. Thank goodness our wise leaders here in Louisiana have never made either of those terrible mistakes.

eye roll

[AirBill]

Check their property taxes.

[ZoomZoom]

I don't know, but you may be right. Even so, UL's financial impact on the city of Lafayette and Acadiana is huge and an investment by the city would not only help UL but put tax dollars in the city coffers as game day events draw greater crowds. Not to mention what kind of financial impact an entertainment zone could have if it can be developed around the Cajun Field area.

Parochial politics would never allow this.

[Louisiana84]

Exactly, Tennessee, Texas and Florida are all on the brink of financial ruin because of their pro business stance and their foolish decision to forego state income taxes. Thank goodness our wise leaders here in Louisiana have never made either of those terrible mistakes.

eye roll

Now, now, Charlie. You know our faithful public servants work day and night to earn your trust!

[cajuns80]

Check their property taxes.

While the property tax goes to the district they are in, thus, making their schools and roads better in the community. LA is the one that needs to get with the time but it wont ever happen.

[CajunFun]

The Liberty Bowl is home to the Memphis Tigers. It is undergoing a $220M redo and below is how it is being financed. Can Lafayette take a cue from Memphis in support of UL's stadium redo?

LIBERTY BOWL
$121.5 million from State Allocation
$30.9 million from an existing city 0.5% hotel/motel tax
$30.9 million from the city's new city 1% hotel/motel tax
$27.3 million from an existing city/MLGW PILOT
$4.4 million from a 5% stadium TDZ surcharge

My cousin is a big Memphis fan, he told me about this. There is also major bucks for other althetics facilities... but to be honest, the Liberty Bowl has needed it, bad. Lovely architecture, but it's falling apart.

Memphis is also building an Engineering School. They are up & comers; much like us, they have been the #2 school in a one-school state. But they persevered.

[RedTails]

My cousin is a big Memphis fan, he told me about this. There is also major bucks for other althetics facilities... but to be honest, the Liberty Bowl has needed it, bad. Lovely architecture, but it's falling apart.

Memphis is also building an Engineering School. They are up & comers; much like us, they have been the #2 school in a one-school state. But they persevered.

Doesn't hurt that they share the city with three fortune 500 companies (FedEx one of them).

[BeauCajun]

My cousin is a big Memphis fan, he told me about this. There is also major bucks for other althetics facilities... but to be honest, the Liberty Bowl has needed it, bad. Lovely architecture, but it's falling apart.

Memphis is also building an Engineering School. They are up & comers; much like us, they have been the #2 school in a one-school state. But they persevered.

Also the Tennessee medical school is in Memphis. Made that trip a few times.

[lafman1]

I don't know, but you may be right. Even so, UL's financial impact on the city of Lafayette and Acadiana is huge and an investment by the city would not only help UL but put tax dollars in the city coffers as game day events draw greater crowds. Not to mention what kind of financial impact an entertainment zone could have if it can be developed around the Cajun Field area.

The surrounding neighborhoods across congress will fight tooth and nail for the property not to be developed into an entertainment area.

[ZoomZoom]

The surrounding neighborhoods across congress will fight tooth and nail for the property not to be developed into an entertainment area.

The city councilman from that area is fighting against AB&Bs, don’t see him being open to this near his home.