Lake Charles Port Gets $100 Million In Revenue Bonds
LAKE CHARLES, La. (AP) — Officials with the Port of Lake Charles hope to utilize up to $100 million in revenue bonds for several construction projects, which are aimed to improve access to the port and cultivate economic development in Southwest Louisiana.
The America Press reports the State Bond Commission has given the green light for the Lake Charles Harbor and Terminal District to issue the revenue bonds in one or more series not exceeding 30 years.
The first series, probably $50 million, will be issued in early December. It will encompass a $17 million rehabilitation to "Shed 1," which was the first dock and transit shed constructed at the port in the late 1920s and early '30s.