La. state government would lease office space from Saints owner in deal to keep team in state
By APFriday, June 19, 2009
La. would rent offices from Saints head under deal
BATON ROUGE, La. — Louisiana’s government would lease office space from the owner of the New Orleans Saints as part of a deal to keep the team in the state.
There was little discussion about the rental plan Thursday before it was unanimously approved by the state Senate. The measure to sidestep the traditional leasing process for state agencies heads back to the House, which already approved an earlier version.
Saints owner Tom Benson plans to buy and redevelop a vacant office complex and a vacant former mall next to the Louisiana Superdome. Under the deal devised by Gov. Bobby Jindal, the state agreed to rent office space in a deal to funnel money to the NFL team while limiting direct cash subsidies.
In exchange, Benson agreed to keep the Saints in New Orleans through 2025.
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