Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
LSCD brief: post‑Super Bowl receipts, $125 million FY26 recommendation and $29 million debt service
Summary
Louisiana Stadium and Exposition District officials told the committee FY2026 recommended resources of roughly $125.3 million, noted revenue growth from marquee events (Super Bowl 59, Taylor Swift dates), and flagged $29.2 million of debt service tied to facility renovations and the Superdome project.
Chas Nicholson of Senate Finance staff presented the Louisiana Stadium and Exposition District (LSCD) budget to the committee and said FY2024 actual spending was about $138.9 million while the FY2026 recommended means of finance is roughly $125.3 million.
Nicholson and Daniel Burke of ASM Global described the agency’s funding structure: about 84% of LSCD receipts are self‑generated statutory dedications and facility revenues. The three principal statutory dedications shown in the presentation were (1) the New Orleans Sports Franchise Fund (1% hotel sales tax in Orleans Parish), (2) the Sports Facility Assistance Fund…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
