Commission OK’s $30M in revenue bonds for Juban Crossing

The State Bond Commission today approved $30 million in sales tax revenue bonds for the Juban Crossing mixed-use development in Livingston Parish. The bonds were approved for the operation and maintenance of roads and bridges at the development; construction of drainage and flood prevention works; general infrastructure improvements; funding a deposit for a debt service reserve fund; and paying capitalized interest. You can get the complete details on the action approved today regarding Juban Crossing from the State Bond Commission here. In late December, the Livingston Parish News reported Juban Crossing was restarting, and that a representative for the development informed the Livingston Parish Council the project will break ground this month and its first phase will open in mid-April 2014. the first groundbreaking on the project was held in February 2011. The Bond Commission’s report on today’s action says: “Staff has been informed the [$200 million in bonds the commission OK’d in June 2007] will not be issued, and the entity is starting over with a new transaction and new professionals.” Also today, the Bond Commission OK’d $45 million in revenue bonds for the East Baton Rouge Sewerage Commission to construct sewers and sewerage disposal works.