| ADVERTISEMENT |
 |
|
|
|
|
Posted: Thursday, 15 May 2008 2:50PM
State faces multi-million dollar shortfall for Saints payment
|
The state commission that oversees the Superdome still faces a multi-million dollar shortfall in inducement payments owed to the Saints by July, but that shortfall could be smaller than what was first thought.
And, even though a shortfall remains because of bond re-financing, Superdome manager Doug Thornton says it's expected the state will include money to pay the Saints in the upcoming budget.
"The state has agreed to support with a request for an appropriation to cover the shortfall for this year," said Thornton.
It now appears the shortfall is up to one million dollars under the orginial estimate of $6.3 million, thanks to better than expected hotel tax collections and revenue generated by Hornets playoff games. |
|
|
|
|
|
| ADVERTISEMENT |
 |
|
|
|
|
|
