Posted: Mar 18, 2013 1:43 PM by Russell Jones
Updated: Mar 18, 2013 1:43 PM
BATON ROUGE - A joint legislative committee today approved the sale of a state property as proposed in Governor Jindal's executive budget.
Wooddale Towers has been vacant since April 2011. State budget officials say some of the last tenants were state offices that have since been consolidated.
A buyer made an offer for $350,000, the same value given after a February appraisal. Budget specialist Ray Stockstill says it costs the state about $300,000 per year to maintain the office building.
State appraisals estimated that the property would be worth more than $400,000 without the building on it, but demolishing it would have cost taxpayers more than $1 million.
Jindal's budget called for the use of funds from several property sales like this one to make ends meet. Critics said the property sales are another example of using one-time funds to meet budget needs, possibly setting the state up for more mid-year cuts.