$450M Superdome renovation likely to take a year longer due to 'current financial situation'
 

The multi-year, $450 million renovation of the Mercedes-Benz Superdome likely will take a year longer than originally proposed because of coronavirus-related budget shortfalls.

A detailed and concrete timeline will depend on the Louisiana Stadium and Exposition District's revenue rebounding, said ASM Global's business operations director Evan Holmes.

Holmes said Wednesday during a House Appropriations Committee meeting that they "took a step back from the renovation project," and Thursday afternoon he clarified those comments to The Times-Picayune | New Orleans Advocate.

"My comment about stepping back does not suggest that we're stepping back as in running away from the project," Holmes said. "It was in the sense that we took a step back to evaluate the project given the current financial situation."

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Because of the pandemic, the LSED lost nearly $75 million in revenue, Holmes said. Sixty-five percent of the LSED's operating budget comes from hotel occupancy taxes, and 35% comes from events at the facilities it manages. Most of those events, like concerts, festivals, and special events — such as hosting the Harlem Globetrotters, monster truck rallies and SEC and NCAA-sanctioned sporting events — were canceled in the past year.

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Re: $450M Superdome renovation likely to take a year longer due to 'current financial situation'
 

Maybe Caesars could kick in a couple of extra million. That's a slow night at the tables.

Re: $450M Superdome renovation likely to take a year longer due to 'current financial situation'
 

"Because of the pandemic" my arse. Shut downs were engineered deliberately to dig a hole until an election was over and a certain level of federal aid kicked in.

State governments sacrificed the private sector to gain federal monies and attempt to further reinforce the belief that the people need them for protection. .

Re: $450M Superdome renovation likely to take a year longer due to 'current financial situation'
 

Typical Louisiana politics. Huey P Long's dream lives on.