Louisiana Public Facilities Authority (LPFA): Strengthening economic and community development across Louisiana for 50 years

The Louisiana Public Facilities Authority (LPFA) is celebrating its 50th anniversary, marking five decades of supporting economic development, healthcare and education in Louisiana through bond financing and job creation initiatives.

AT A GLANCE

Top executives: Tricia A. Dubroc, President & CEO; Martin Walke, CLEcD, Vice President; Joni M. Leggio, Vice President

Phone: 225.923.0020 / 800.228.4755

Address: 2237 S. Acadian Thruway, Suite 650, Baton Rouge, LA 70808

Website: lpfa.com and lela.org

In August 2024, the LPFA completed the largest bond issuance in its history, providing $1.33 billion in financing for the Interstate 10 Calcasieu River Bridge Replacement project. Coinciding with the LPFA’s milestone anniversary, the project highlights the Authority’s fundamental role in advancing vital economic and community development across the state.

As a statewide public trust, the LPFA issued tax-exempt private activity bonds for the project to finance an innovative public-private partnership between the Louisiana Department of Transportation and Development, international investors with Calcasieu Bridge Partners, and the State of Louisiana.

The new eight-lane bridge will replace the existing, narrow 70-year-old structure, which pre-dates the interstate system and lacks shoulders and lighting. By facilitating safer, more reliable travel across a key route in southwest Louisiana, the bridge will contribute to the state’s economic resiliency.

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