Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Investments»Shreveport council may be ready to vote on $88M bond sale | News
    Investments

    Shreveport council may be ready to vote on $88M bond sale | News

    October 24, 20245 Mins Read


    Two members of the Shreveport City Council signaled Tuesday they’ll be, at their next meeting, ready to authorize the first sale of bonds voters approved in this year’s election after weeks of delay. Others said they’re not there quite yet. Others said nothing. 

    The Shreveport City Council for the last month has been in a rare lock-step state over the decision to delay authorizing the sale of general obligation bonds allowed by voters earlier this year to construct a slew of infrastructure projects around the city. The council wanted the administration to instead focus on abandoning the Shreveport police headquarters and beginning its reconstruction process, authorized by voters through a 2021 bond issue election but never begun because the cost of the plans had become too expensive.

    In two weeks, the council again will be presented with an ordinance allowing the city to sell $88 million in general obligation bonds from the 2024 election. Their authorization is needed before the city can sell those bonds to banks and others, known as underwriters, so the proceeds then can be used to begin the streets, water and public facility upgrades Shreveport voters approved in April. The council, in its three regular meetings since Sept. 24, agreed unanimously to delay votes on the ordinance over the police headquarters. 

    The headquarters complex on Texas Avenue became a hot spot for intracity conflict around the same time. The week before the Sept. 24 meeting, council members asked Mayor Tom Arceneaux for the complex to be abandoned over its shabby state and potential health risks for officers from mold and mildew. But Arceneaux declined to issue the emergency declaration they requested, stating at the time he did not believe there was an emergency or that such a declaration would provide him any necessary powers. 

    The spat over the headquarters since has grown to include the plans to build a police substation on North Market Street, another project funded by 2021 bond sales. Council members recently raised issues with the deal that saw the land donated to the city for that project, arguing a clause requiring Shreveport use the property for public safety purposes for at least 25 years or risk ownership reverting to the North Shreveport Business Association Foundation — which they say they didn’t know about — makes it a non-starter.

    The administration Tuesday introduced an ordinance asking the council to authorize the sale of $28.9 million in bonds approved by voters in 2021 for public safety buildings, including the headquarters complex. The council can vote to authorize both sales next week.

    On Tuesday, two council members — Gary Brooks and Alan Jackson — signaled they were essentially satisfied with the administration’s efforts to date and would, at their next regular meeting, end their embargo and vote to approve the $88 million bond sale. 

    “This will be my last vote to postpone,” Brooks said. “I feel like the administration has done 90% or basically all of what we’ve asked them to do with the police headquarters.” 

    Jackson said he was glad the council seems ready to move forward. Though he said the police headquarters always should have been a priority, the council chairman suggested the city should be capable of handling both sets of projects at the same time.  

    “We have a lot of needs in this city, and I’m not on board with just holding up $88 million in ready-to-go projects for needs that we have for the citizens that voted for this money. So I am ready to push this forward,” he said. “I’ll be ready to move forward next time.”

    Two other council members, Grayson Boucher and Tabatha Taylor, said Tuesday they were not yet fully satisfied or prepared to say whether they’d move the bond issue items forward at their next regular meeting. 

    “I’m kind of with Councilman Brooks here, but there are still some more answers I need, especially on the North Market Street substation,” Boucher said. “The mayor and the police chief have done an excellent job locating places and really have done more than I could have expected for them to do in such a short period of time. I’m pleased with the progress but I still have a few questions, and it’s nothing we can’t get done in two weeks.”

    Taylor was less clear about her intentions for their next meeting. She has been one of the loudest voices on the council for pausing the bond sale until the issues with the police headquarters complex are settled.

    “There are still some questions that have to be answered when it comes to tying taxpayers’ money to this bond that is extremely important before you begin to tie taxpayers’ money to another bond,” Taylor said. “What will occur within these next two weeks is definitely contingent on what this city administration does. And as they’ve been moving, then I would look to see that that movement continues.”

    Councilman James Green and Councilwoman Ursula Bowman, both of whom have been vocal about prioritizing the headquarters before selling any 2024 bonds, did not comment on their plans for the next vote. Councilman Jim Taliaferro was absent Tuesday. 



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Canara Bank plans to raise Rs 4,000 crore via tier-2 bonds

    Investments

    Why Your Retirement Age Doesn’t Matter (But This Number Does)

    Investments

    Lifetime Isa retirement plan could be dropped by government in favour of a new home-buying Isa

    Investments

    Cat bonds remain favoured due to their liquidity and more standardised structure: Howden Re

    Investments

    Foreign Bonds Lead US Fixed Income in 2026

    Investments

    Bonds End Up Little-Changed. Other Markets May Have Helped

    Investments
    Leave A Reply Cancel Reply

    Top Picks
    Stock Market

    Chattogram city launches US larvicide technology to curb mosquito-borne diseases

    Investments

    OpenAI fears people will forms bonds with the AI it developed to fool humans — TradingView News

    Investments

    Some Recovery for the Pound as Bonds’ Selloff Eases

    Editors Picks

    Top Analysts Predicts the Rise of a New $0.005 Cryptocurrency to Match Shiba Inu (SHIB) Success

    July 30, 2024

    The Power Play: How Data Centers and Utilities Are Reinventing Energy Strategies

    March 27, 2025

    Man AHL launches awaited UCITS strategy, the Man Systematic Cat Bonds fund

    October 20, 2025

    Two Solid-Gold Omega Speedmasters Owned by NASA Astronauts Are up for Auction

    October 14, 2025
    What's Hot

    Aftech’s Mandiri BFN Fest aims to boost trust in fintech – Tech

    December 10, 2025

    Jordanian citizen charged for attacking Florida solar energy plant

    August 15, 2024

    “On est entré dans le patrimoine musical français” : un ex-membre du groupe Gold monte sur scène ce samedi en Aveyron

    June 13, 2025
    Our Picks

    Analysis: Inside the “titanic” legal case that will help determine Alaska’s energy future

    August 11, 2024

    Getting Started in the Agricultural, Forestry and Mining Sectors – United Nations Environment – Finance Initiative

    October 21, 2024

    Marseilia Real Estate Investment : Bénéfice net individuel de 11,3 millions EGP au premier trimestre

    July 5, 2025
    Weekly Top

    Silver Price Forecast: 30% Historic CRASH

    January 30, 2026

    BBC Learning English – 6 Minute English / Bitcoin: digital crypto-currency

    January 30, 2026

    Silver crashes 24%, gold slides 9% in sharp MCX futures sell-off

    January 30, 2026
    Editor's Pick

    Royal Family Retirement Sparks Emotional Goodbye for ‘Gentle Giant’

    August 4, 2025

    17 bargain dividend stocks that are primed for growth – consider this before you buy

    July 7, 2025

    five ranches in the US 

    March 23, 2025
    © 2026 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.