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.
That’s what Lafayette Parish has obtained in Pentagon surplus since 2006.
Qualifying continues through Friday.
The political tilt of the Senate during President Barack Obama's final two years in office is likely to hinge on a handful of female contenders in tight and costly races.
A former BP executive will be allowed to travel to the United Kingdom later this month while he awaits trial on charges relating to an investigation of the 2010 Gulf oil spill.
South Koreans defend ramen; special forces had failed to find James Foley; Vegas lures LGBT tourists and more national and international news for Thursday, August 21, 2014.
Thursday's Blogs from the Bog!
Friends and family will celebrate Spider's life in September.
Saints safety Jairus Byrd has rarely been so eager to hit and be hit, if only to reassure himself that his surgically repaired back is as healed as doctors believe.
Jindal privatized nearly all the LSU hospitals without waiting for federal officials to sign off on financing arrangements that rely on millions of federal Medicaid dollars.
U.S. Sen. Mary Landrieu and her main Republican challenger, Congressman Bill Cassidy, verbally sparred as they officially signed up on the opening day of qualifying for Louisiana's November election.
Superintendent tells crowd he'd just emerged from a four-hour meeting with the attorney hired to investigate him.
The start of the three-day qualifying period for November’s elections has so far yielded 10 official bids and one new announcement from candidates seeking a seat on the school board.
It’s been just over four months since attorney Barry Domingue committed suicide the morning before he was to stand trial for a second day in the federal Curious Goods case, leaving his fellow attorney/co-defendant Daniel Stanford with a temporary mistrial and awaiting his day in court.
Candidates for Louisiana's Nov. 4 election must officially sign up for the ballot this week.
Gov. Bobby Jindal's effort to derail Louisiana's use of the Common Core education standards was halted Tuesday by a state judge who said the governor's actions were harmful to parents, teachers and students.
New Orleans Saints running back Mark Ingram isn't letting a humbling start to his pro career lower his opinion of what he can still accomplish in the NFL.
Visualize Lafayette’s next great thing from 3,000 feet.
A Baton Rouge judge issued a temporary restraining order Monday against enforcing a law that prohibits anyone 70 or older from running for justice of the peace or constable.
Gov. Bobby Jindal believes the last-minute passage of a pension hike for his state police superintendent, Col. Mike Edmonson, was improperly handled, according to the governor's office.
As the courts hash out the attempts to preserve and shelve Common Core in Louisiana, a group of six state lawmakers are planning an Aug. 22 trip to Oklahoma to meet with their counterparts and strategize for the 2015 regular session.
While hopes are high for turnout this fall, a new report from the Center for the Study of the American Electorate suggests that Louisiana's midterm face-offs may amount to nothing special in terms of votes cast.
The attorney hired by the Lafayette Parish School Board for a special investigation of Superintendent Pat Cooper has submitted his final report, though it may be another week before the findings are made public.
The Tea Party of Louisiana is calling Sen. David Vitter a “turncoat” for his newfound embrace of Common Core educational standards.
An annual report evaluating Gov. Bobby Jindal's privatization of Medicaid lacked important financial information and presented rosy performance reviews not corroborated by data, according to a review released Monday.
Lafayette attorney Michelle Meaux-Breaux has announced her plans to seek the Division E seat for judge in the 15th Judicial District.