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Jubin Crossing board approves $12.5 million subordinate bonds, amends FY2026 budget
Summary
The Jubin Crossing Economic Development District board unanimously approved a resolution declaring intent to issue up to $12.5 million in subordinate revenue bonds to fund drainage, streets, parking and lighting for new retail development and adopted a revised FY2026 operating budget to record the bond proceeds and debt service.
The Jubin Crossing Economic Development District board in Livingston Parish voted unanimously Thursday to declare its intent to issue up to $12.5 million in subordinate revenue bonds and to adopt a revised fiscal year 2026 operating budget that will include the bond proceeds and related debt service.
The actions are meant to fund site infrastructure at the Jubin Crossing development to serve upcoming large retail tenants, a presenter told the board. Jim Ryan, representing the property owners Scott Crawford and Steven Keller, said the bonds will finance “drainage and streets and parking and lighting,” and that the developers plan a tax-exempt bond sale…
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