Upgrades to Port of Greater Baton Rouge will cost $200 million

Wednesday, February 29, 2012 - 1:41pm

EAST BATON ROUGE, La (FOX44) — The Port of Greater Baton Rouge will be receiving $200 million in upgrades.

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.

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. 

News

Comments News Comments

Post new Comment