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Developer expected groundbreaking by year's end

3 years 8 months 1 week ago September 15, 2013 Sep 15, 2013 Sunday, September 15 2013 September 15, 2013 11:51 AM in News
By: Associated Press

BATON ROUGE - Financing for the River Park mixed-use project next to Hollywood Casino is nearly lined up and groundbreaking should happen before the end of 2013, the developer says.

Developer Pete Clements told the Downtown Development District Commission that the 50-acre development will include restaurants, live music venues, residences and hotels. Clements has been working on the project for 5 years, The Advocate reports.

River Park consultant Mark Drennan says financing for the project is "95 percent complete."

Last month, the Metro Council voted to re-authorize a tax increment financing district for the $600 million project, which will rebate the 2-cent local sales tax collected in River Park.

Clements and Drennan say more than 20 restaurants and bars have committed to River Park.

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