Port of Greater Baton Rouge to receive $200 million in upgrades
POSTED: Wednesday, February 29, 2012 - 3:18pm
UPDATED: Wednesday, February 29, 2012 - 6:52pm
East Baton Rouge, La (NBC33) — Officials have determined it'll cost $200 million to upgrade the Port of Greater Baton Rouge.
The board for the port has voted to begin issuing $200 million in bonds for improvements to the grain facility.
The port commission had a special meeting yesterday and said it'll issue the bonds within the next three years.
NBC33 has been told the company operating the grain elevator at the port plans about $135 million in improvements, and wanted the port to get them tax-exempt bonds.
We're told the Louis Dreyfus Company will be responsible for paying back the cash.