EBR Redevelopment Authority running out of money
BATON ROUGE - The East Baton Rouge Parish Redevelopment Authority, a public agency responsible for reviving blighted areas in Baton Rouge, is running out of money.
The organization, formed in 2007, is responsible for kicking off two high-profile projects in Ardendale - formerly called Smiley Heights - and the redevelopment of the old Entergy building on Government St.
But the agency has been running on fumes for more than a year and has no money left to take on additional blight projects.
Walter Monsour, executive director of the organization, says the program will have exhausted all of its operational dollars and will have to shut down by Dec. 31, 2015, unless additional funding can be found.
Monsour said the Redevelopment Authority is vital to the future prosperity of the city.