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Resident presses council for clarity on Red River Express ownership; counsel cites public-trust structure
Summary
A resident questioned whether the Northwest Louisiana Finance Authority would own or control the Red River Express project; city counsel said state law makes the authority a discrete public trust that does not place the city's funds or credit at risk.
During public comment, David Hackney asked the council to clarify whether the Northwest Louisiana Finance Authority would own the Red River Express project and pointed to language in a cooperative endeavor agreement (CEA) that he said implies the authority 'will lease the project to the Red River Express.' He expressed concern about transparency and…
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