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Caddo Parish Commission advances $60 million bond measure for proposed sports complex
Summary
The Caddo Parish Commission voted to advance a resolution authorizing up to $60 million in general obligation bonds for a proposed multi‑purpose athletic complex to a later regular session, after supporters cited economic benefits and advisers said the plan would not increase the current 1.50‑mill bond rate in the first year.
The Caddo Parish Commission voted on May 18 to advance a resolution that would place a referendum on the November ballot asking voters to authorize up to $60 million in general obligation bonds to support a proposed multi‑purpose sports complex.
Supporters including business and tourism groups urged the commission to keep moving the project forward. "We plan on providing our full extension of the sales efforts at this facility," said Aaron Brunson, executive vice president with Visit Shreveport Bossier, urging the commission to partner on marketing regional and national tournaments. Jeffrey Goodman, CEO of the Committee of 100, called the proposal about "much more than sports" and framed it as a regional competitiveness investment.
Administration and outside advisers said the $60 million figure was based on conservative financing assumptions. "The resolution is for not exceeding $60 million of general obligation bonds and, most importantly, no projected increase in the current bond millage rate of 1.50 mills," said Grant Schlutoter, a representative from Foley & Judell, and municipal advisor Dee Riggins explained the amount assumes issuance across multiple series and a projected 4% annual rise in assessed valuation tied to anticipated development.
Opponents and some committee members said they were uncomfortable with the pace and with details that had not yet been circulated to the full finance committee. "I'm the chairman of the finance committee. I've not had an opportunity to review a single number," said one commissioner, urging more time for review before asking voters to consider $60 million in debt.
Commissioners acknowledged the concerns but said the economic development committee had reviewed the proposal and that staff would continue to provide details to the full body before final action. Administration said calling the election now was necessary to make the November 3 ballot, while further study and public engagement would continue.
The commission amended and advanced the resolution; the clerk recorded the item as advanced to the regular session for final consideration. The resolution would order a special election, make application to the state bond commission and set related procedural steps if ultimately adopted.
