Shreveport to Payback Bond Funds

The Times reports that the Shreveport City Council has approved Mayor Keith Hightower's plan to partially reimburse a park bond fund that was used to buy land for a downtown convention center. The land and bond funds have been the subject of controversy as a result of the council's approval of the Deja Vu strip club. The apparent mingling of bond funds is now the focus of the state legislative auditor. Of the $958,000 used to purchase land for the convention center, $700,00 has already been reimbursed. The council approved the Mayor's plan to pay back the remainder from a hotel bond fund.

Posted by AJR at March 26, 2003 08:06 AM