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Parish officials keeping Juban Crossing alive

3 years 6 months 5 days ago July 12, 2013 Jul 12, 2013 Friday, July 12 2013 July 12, 2013 5:14 PM in News
Source: WBRZ
By: Adrian Pittman

LIVINGSTON - Officials in Livingston Parish have high hopes of keeping the Juban Crossing Development alive.

They're planning to keep the effort going by using bonds to pay for the project.

Back in 2007, the parish council agreed to a tax increment financing plan, also known as TIF, that would have pledged 40 percent of the parish's 1-cent sales tax for roads and parish prison expenses collected in the shopping district.

Now the parish is considering upping that to 75 percent to help fund the $45 million project.

"What this does is give us enough revenue because we didn't get the money. This will be used for collateral pledge to be able for the bond company to be able to release documents and move forward on the bond," said parish president, Layton Ricks.

The council is scheduled to vote on the tax increase July 25.

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