Louisiana creates Railroad Avenue Historic Cultural Economic District in Jeanerette

House Bill 97, introduced in Louisiana on March 24, 2025, aims to establish the Railroad Avenue Historic Cultural Economic District in the city of Jeanerette. This proposed legislation seeks to foster cooperative economic and community development among the district, the city, the state, and local property owners.

The bill outlines the district's governance structure, which will be managed by a board of commissioners consisting of seven voting members and one nonvoting member. Key appointments include one member from the Jeanerette Chamber of Commerce and another from the city’s governing authority, ensuring representation from both the business community and local government.

A significant provision of the bill is the establishment of tax increment financing, which allows for the allocation of tax revenues generated within the district to support its development. However, the bill stipulates that if tax proceeds are already dedicated to another purpose approved by local voters, they cannot be redirected for this use without further voter approval.

The bill also includes a provision for the district's dissolution, which will occur one year after all financial obligations, including bonds and notes, are fully paid.

Supporters of House Bill 97 argue that it will revitalize the historic area of Railroad Avenue, potentially boosting local tourism and economic activity. However, some critics express concerns about the implications of tax increment financing and the potential for misallocation of funds.

As the bill progresses through the legislative process, its impact on the local economy and community development in Jeanerette will be closely monitored. If signed into law, it will take effect immediately or upon legislative approval following a gubernatorial veto. The establishment of this district could mark a significant step in enhancing the cultural and economic landscape of the region.