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.
Acadian rep notifies would-be supporters that an April 25 fundraiser for the embattled U.S. rep won’t go on as planned.
While it isn’t all too unusual for public bodies to have hired security present during meetings, the LPSB’s push to do so is arguably a response to the antics of one board member.
“I’m running. Why would I be raising all this money? Just to have to return it to people?”
With incumbent U.S. Sen. Mary Landrieu watching from afar, and with a united Democratic Party in her corner, the fight to get the GOP officially behind Congressman Bill Cassidy is gaining just as much momentum as it is hushed controversy.
15th Judicial District Judge Durwood Conque has announced that he will not seek re-election after 27 years on the bench.
The controversial standardized tests are set to be used in third-grade through eighth-grade public school classrooms next year.
The Louisiana Senate has agreed to prohibit unmanned aircraft from flying over chemical plants, water treatment systems, telecommunications networks and other items considered "critical infrastructure" in Louisiana.
It didn’t take long for KATC TV 3 to jump all over the news of a dead body found in Girard Park, but in its rush to produce headlines, the local TV station got sloppy.
Tuesday's Blogs from the Bog!
Here's your daily look at late-breaking national and international news, upcoming events and the stories that will be talked about Tuesday, April 15, 2014:
An unholy trinity of civil-society upheavalers whose first names are not Conner, Tanner or Logan are facing charges in Eunice.
Now that lawmakers have shot down efforts to cap annual interest rates for payday loans, supporters for stricter regulations of the storefront lenders are rallying behind another strategy.
The Appropriations Committee held public testimony day, letting people talk about what they like or don't like about Gov. Bobby Jindal's budget recommendations for the 2014-15 fiscal year that begins July 1.
Lafayette police are investigating the death of a 21-year-old woman whose body was found early Sunday in a drainage ditch in Girard Park.
Former Grant parish District Attorney Ed Tarpley says he's running for the U.S. House seat currently held by Republican Vance McAllister of Swartz.
Louisiana-Lafayette got strong starting pitching and timely hitting to hold off Arkansas-Little Rock 6-3 in Sun Belt Conference baseball in Lafayette, La.
Chris Williams knows how to pilfer from the public coffers, this time with a back-pay lawsuit filed three years ago against the Lafayette Housing Authority, which netted the former city-parish councilman a cool five figures.
McAllister's office vowed that he intended to stay in office — for now. As for questions about whether he would stand for re-election in November, those were dodged.
The Green Army's Lafayette brigade has announced it will pay a visit Friday morning to Sen. Page Cortez to urge him to vote against Sen. Robert Adley's SB 553, which the group is calling the "Big Oil Bailout Bill of 2014."
For the sixth consecutive year, Andy Nyman, LSU associate professor of wetland wildlife management, and his service-learning students plan to spend spring break differently from those students flooding the beaches of Florida.
When a BP oil well began gushing crude into the Gulf of Mexico four years ago, fisherman George Barisich used his boat to help clean up the millions of gallons that spewed in what would become the worst offshore spill in U.S. history.
The legislation — House Bill 503 by state Rep. Thomas Carmody, R-Shreveport — passed by an 8-5 vote and advances next to the full House.
The Republican Party of Louisiana has had enough with the philandering hypocrite Vance McAllister. David Vitter? Eh...
A top aide to a Louisiana congressman videotaped kissing a married woman who is not his wife was one of the few people with access to the leaked security footage that exposed the dalliance.
Louisiana would repeal an unconstitutional state law prohibiting intercourse between two people of the same sex, if lawmakers agree to a bill that narrowly received the backing of a House committee Wednesday.