Posted: Sep 19, 2013 7:00 PM by Jason Newton
Updated: Sep 19, 2013 7:00 PM
LIVINGSTON PARISH - Money to jump-start construction of the Juban Crossing Development in Livingston Parish may be in hand. The developer got the OK from the State to sell $37 million worth of bonds.
The land has sat untouched for months, but the Juban Crossing Development took another step to resume construction Thursday, after receiving that approval from the State Bond Commission for the money.
"Everybody is trying to recover economically," said Jennifer Meyers, Livingston Parish director of finance. "[It is a] huge step for us. It'll draw commerce farther east into the parish, not just stop at Denham Springs."
Right now the land brings a few hundred dollars in taxes to Livingston Parish Government. But once developed, it will bring in millions in taxes.
"Everybody needs money," Meyers said. "And they look to the parish to provide it. So we'll be able to do more."
Creekstone Management is in charge of developing the land. They say that things are moving quickly behind the scenes.
Some who live close by have been anticipating the project for years.
"I'm excited about it," said Vicci May, who lives close to the Juban Crossing site. "Be nice to have stores convenient to me so I don't have to go to Baton Rouge."
The state is also providing $1.5 million to widen Juban Road.
Installing sewer lines should be underway next month.