LSU Health Sciences Center New Orleans approves purchase of seven properties for $5.1M

The Louisiana Board of Regents made significant strides in land management and academic development during its March 2025 meeting, with key decisions impacting both LSU Health Sciences Center and LSU Alexandria.

A major highlight was the approval of a cooperative endeavor agreement allowing LSU Health Sciences Center in New Orleans to acquire seven properties from the LSU Health Foundation for approximately $5.1 million. This purchase, which exceeds the appraised value by $2 million, is designed to relieve the Foundation of debt service obligations and redirect funds towards fundraising efforts. "This transaction will provide much-needed room for growth for Health Science Center New Orleans," stated a board member, emphasizing the strategic importance of the acquisition.

In another notable discussion, the board addressed security measures for LSU Alexandria. The LSU Police Department will maintain jurisdiction over state-owned land, with the responsibility for additional security falling on the developer. This arrangement ensures that law enforcement presence is adequately managed while allowing for the potential hiring of private security if necessary.

Both decisions reflect the Board's commitment to enhancing educational infrastructure and ensuring safety on campus. As the meeting concluded, the Regents expressed optimism about the future benefits these actions will bring to the institutions and their communities.