Port of Greater Baton Rouge to receive $200 million in upgrades

POSTED: Wednesday, February 29, 2012 - 4:18pm

UPDATED: Wednesday, February 29, 2012 - 7:52pm

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.
  

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