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Jindal proposes $47M in property sales in budget

3 years 7 months 4 days ago February 26, 2013 Feb 26, 2013 Tuesday, February 26 2013 February 26, 2013 1:10 PM in News
Source: Associated Press

BATON ROUGE- Governor Bobby Jindal's budget is relying on selling six tracts of state property around south Louisiana to remain in balance.

However, none of the land sales are done deals.

Jindal's budget for next year assumes the state will receive $47 million from the property sales.

Its money that the governor's using to help pay for public colleges.

An art deco landmark in downtown Baton Rouge would be for sale, as well as a slice of a St. Tammany Parish hospital campus and the old insurance building lot across the street from the Louisiana Capitol.

Jindal's chief budget analyst, Commissioner of Administration Kristy Nichols, says the administration has potential buyers for the property.

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