Commission approves $30 million dollar bond plan for Juban Crossing
BATON ROUGE - The La. State Bond Commission approved the sale of $30 million in bonds for Juban Crossing.
It is more good news for the Livingston Parish retail center after delays caused by downturn in the economy.
Developer Scott Crawford says deals with stores have been finalized. He is waiting to make the announcements with those retailers.
The bond deal relies on collateral from future sales taxes at the site. The entire project will take up to seven years to complete. A total of $200 million in bond sales are expected.