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Caddo Parish Commission approves limited-tax bonds to fund pickleball complex
Summary
The Caddo Parish Commission voted 11–1 to adopt Ordinance 6604, authorizing the issuance and sale of limited-tax revenue bonds (Series 2026) to fund a new pickleball facility. Bond counsel said the sale produced $9.615 million principal, will yield a $10 million construction fund and carried a 3.97% interest rate.
The Caddo Parish Commission on Thursday approved the issuance and sale of limited-tax revenue bonds to finance a proposed pickleball complex, voting 11 in favor and 1 opposed.
Grant Schluter, bond counsel with Foley Udell, told the commission the ordinance authorized up to $10 million in bonds and that pricing produced $9,615,000 in principal while generating a construction fund equal to the full $10 million because of the…
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