- Associated Press - Friday, May 16, 2014

HOUMA, La. (AP) - The State Bond Commission has approved $2.9 million in bonds for the planned sports complex in Terrebonne Parish.

State Treasurer John Kennedy tells The Courier (http://bit.ly/1lHxkXc ) the limited tax bonds for the $20 million Terrebonne project would not exceed a 6 percent interest rate or 20-year payback period.

The completed park along La. 311 will include baseball, softball and multipurpose fields along with 17 mid- and full-length soccer fields, an eight-court tennis complex, a dog park, a skate park and a man-made lake with a beach and sand volleyball court.

The project’s construction will be spread over five to eight years, according to parish officials. A 1 percent tax on hotel visits that voters approved in November will provide a consistent revenue stream.

Softball fields will be among the first things built in the project’s first phase.

The goal is to have the first phase complete by spring 2015, according to Christopher Pulaski, senior planner and zoning administrator for Terrebonne Parish.

Having an attraction like the sports complex will bring more visitors in on the weekends and increase the amount of money raised through the hotel tax, Parish President Michel Claudet said. Most of the parish’s hotel stays are on Mondays through Thursdays via business travelers.

The area’s recreation district also plans to sell a plot of Martin Luther King Boulevard land to raise money.

The hotel tax will initially bring in $300,000 annually, which will first be put toward the construction of the Bayou Country Sports Park, formerly known as the Field of Dreams.

Afterward, the tax will be put toward other recreational improvements, Claudet said.

“It is a win-win for the people for Terrebonne Parish,” Claudet said last year. “The vast majority of these taxes will be paid by people visiting our community.”

The tax will be in addition to 4 percent already assessed on hotel-motel visits. Three percent is used by the Visitors Bureau to promote tourism. One percent benefits the Houma-Terrebonne Civic Center. Hotels must also pay state and local taxes.

___

Information from: The Courier, http://www.houmatoday.com

Copyright © 2016 The Washington Times, LLC.

blog comments powered by Disqus

 

Click to Read More

Click to Hide