A survey by Dr. Tim Ryan, a well respected economist and chancellor at the University of New Orleans, estimates that the Saints franchise generates $180 million yearly to New Orleans and Louisiana's economy. An additional $25 million in taxes from players and employee salaries are collected each year. In 2004 the state paid the Saints $7.1 million due to a shortfall of the designated $15 million to be collected from a hotel-motel tax levied in the New Orleans area. Naming rights for the Louisiana Superdome, which are not yet finalized, could bring an estimated $3 million to help close the gap.
Surely, Ms. Blanco understands the accounting process of not only developing new business, but retaining existing business in our state. Reports of $44 million in incentives were given to Union Tank Co. to relocate from another state to Alexandria. Sometimes, money has to be invested to better ourselves and make a profit.
The repercussions from losing the Saints are endless to everyone in the state. What would we do with an almost vacant Superdome? No Saints, no Superdome, no Super Bowls, and no annual Sugar Bowl. Major league sports bring a professional image to New Orleans and Louisiana. When a company surveys our area to locate a business, having the Saints is a definite plus.
One can make all the goofy jokes about the Saints not being a professional team and make remarks like, "I would rather pull for Jake and Carolina, anyway." But guess who the joke will be on one day if the Saints move to a bigger and hungrier city such as San Antonio, Las Vegas, or the NFL's choice, Los Angeles?
I respectfully request that Gov. Blanco use extreme caution when negotiating. Remember, Saints owner Tom Benson already has a contract in hand. We all must remember one more fact: If the saints leave, the NFL is gone forever in Louisiana.
A group supporting taxpayer-funded private school tuition vouchers is appealing a federal judge's order that Louisiana must provide regular reports to federal officials on the state's voucher program.
The Discovery Channel has canceled reality TV star Will Hayden's popular "Sons of Guns" show after his arrest on an aggravated rape charge.
The LPSB will finally hear from the attorney it hired to investigate the superintendent at a special meeting Thursday at 4 p.m.
Authorities are investigating a report that a student there warned the principal of impending violence similar to that depicted in the movie "The Purge."
Saints cornerback Champ Bailey has played for more than a handful of playoff teams during a career that has seen him selected to 12 Pro Bowls.
Police say a 56-year-old Lafayette man walking behind a dump truck died when the truck hit him as it was backing up.
Wednesday's Blogs from the Bog!
Fifa under fire for fake turf plans; freed journalist back home; corporate conversions rising and more national and international news for Wednesday, August 27, 2014.
New Orleans Saints quarterback Drew Brees is a proud papa of new baby girl.
The books on Louisiana's last budget year have been closed, but it took a bit of borrowing from this year to make the numbers work.
The Iberia Parish Coroner responded Monday to the attention surrounding the questionable shooting of Victor White III, a black man from New Iberia who died April 2 while in the custody of local law enforcement.
Two months after lawmakers agreed to create a $40 million higher education incentive fund, no decisions have been made about how to divide the money.
With Drew Brees back healthy, the New Orleans Saints are free to work on the little things that can make the difference between a Super Bowl run and something less.
Incumbent U.S. Sen. Mary Landrieu and her lead GOP challenger Congressman Bill Cassidy are running close when it comes to money. Landrieu has $5.5 million to Cassidy’s $5.6 million in the bank.
With expectations mounting that Gov. Bobby Jindal will soon announce his campaign for president, attention is turning to not only who he will bring along with him but also what will transpire politically back home during the transition.
Seven of the 11 U.S. cities in a new ranking of “most dangerous diets” are in the Bayou and Lone Star states, but the ranking is more about poverty than fried oysters.
Lafayette police are investigating a fatal shooting involving an alleged burglar and homeowner.
Saints tight end Jimmy Graham got the message from the NFL. He's not dunking footballs over goal posts any more.
With qualifying over, the start of campaign season is official, and for the Lafayette Parish School Board, the race toward Nov. 4 will pit 20 candidates in battles for all 9 of the district’s available seats.
An abortion rights organization has filed the first court challenge to a Louisiana law that would require doctors who perform abortions to be able to admit patients to a nearby hospital.
U.S. Rep. Vance McAllister started his sign-up for re-election Friday the same as any other candidate, filling out paperwork and handing over cash to pay his qualifying fee. But he finished it quite differently, doused with ice.
The recent release of Victor White III’s autopsy report could spell trouble, as it tells a much different story of his death than the one told five months ago by the Iberia Parish Sheriff’s Office.
“Candidates for Congress and members of Congress spend between 30 and 70 percent of their time raising money to get back to Congress or to get their party back into power.”
Over the last four days of the trial against attorney Daniel Stanford, there’s been one notable absence from Judge Elizabeth Foote’s courtroom: attorney Bill Goode.
Saints quarterback Drew Brees and wide receiver Nick Toon are not on the same page yet, and time is running short for Toon to get it right.