News roundup: LSU live-streaming ribbon cutting of business college facility today … Pure Barre opening at Perkins Road overpass … State sells $400M in general obligation bonds
Showing up is not half the battle: If you're not able to attend today's ribbon-cutting ceremony for the LSU E. J. Ourso College of Business' new $52 million home, you can still watch the event live online. LSU will be live-streaming the ceremony, which begins at 10:30 a.m., here. Steve Forbes, president and CEO of Forbes Inc., is the featured speaker.
Working it out: Pure Barre—a national chain of fitness studios specializing in a total body workout fusing elements of ballet, Pilates and weight training—is opening its third Louisiana location at 3033 Perkins Road, suite B, under the Interstate 10 overpass. "We know that Pure Barre will be a great addition to the overpass area and will continue to promote the energetic and vibrant community that this area is known for," says Baton Rouge franchise owner Mary Daniel Templeton. Pure Barre got its start in 2001 and has been franchising since 2009. It now has 50 locations nationwide and an extensive at-home workout DVD series. Its other Louisiana locations are in Mandeville and New Orleans. Learn more at the company's website here.
Bonded and reassured: Louisiana has sold $400 million in general obligation bonds, borrowing that will pay for ongoing and planned state construction projects. The online auction was held Thursday by the Bond Commission. The bonds were awarded to the low bidder, J.P. Morgan Securities. The state issues bonds to investors to get up-front cash for projects, and then pays the debt with interest over several years. Treasurer John Kennedy's office says the $400 million bond sale will pay for 190 projects around the state. The commission also agreed to refinance $49 million in existing state debt for a lower interest rate that will save the state more than $5 million over the repayment of the borrowing, the treasurer's office says.
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