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LED agreements climb to $463 million as FastSites spending ramps up
['American Press Staff', 'Nolan Mckendry', 'The Center Square']
American Press
LED also increased the value of several agreements that remained on both lists by a combined $3.6 million.
Under the agreement, LED will provide up to $50 million in performance-based funding for infrastructure and modernization associated with G-Unit’s planned entertainment district in Shreveport.
Another $29.9 million in newly listed FastSites agreements is spread among eight development projects around the state.
Unlike a traditional grant, LED says FastSites projects are generally supposed to produce a financial return to the state.
Lawmakers added another $50 million this year, bringing the fund to $200 million.