Bond Commission Grants Authority For New Schools
BATON ROUGE, La. (AP) — The State Bond Commission has granted authority to build new schools in New Orleans and Lake Charles.
The board that oversees government borrowing for public projects and programs also approved Thursday $145 million in bonds to finance state construction programs, including $25 million for equipment upgrades and renovations at Mary Bird Perkins Cancer Centers in East Baton Rouge, St. Tammany and Tangipahoa parishes.
The Advocate reports (http://bit.ly/16TMCkT) the Orleans Parish School Board and Recovery School District sought authority to borrow about $18 million to lease property and build an elementary school in the Desire neighborhood. The school is expected to open in 2015.
The Southwest LouisianaCharter Academy Foundation Inc. received approval for bonds not exceeding $20 million to be sued to build a 60,000-square-foot, 43-classroom facility in Lake Charles.