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