The Louisiana bond commission today is scheduled to vote on the financing plans for the $450 million upgrade to the Mercedes-Benz Superdome. State Treasurer John Schroder says he doesn’t foresee any hurdles in getting the green light on the overhaul.
"The dome has been an iconic-type building," said Schroder. "Everybody knows it is the home of the Saints."
State officials say the 44-year-old stadium needs the modifications in order to remain competitive with newer, billion-dollar sports palaces that have been built in places like Dallas, Minneapolis, and Atlanta. Governor John Bel Edwards says he wants something that will keep the Saints playing in New Orleans for another 30 years.
"A lot of work has been done, but it looks like it is going to come to bond commission this week without any objection," said Schroder. "It is a wise investment, wiser than some of the other investments I’m seeing done."
The renovation process will take place over three to four years of NFL off-season, with plans to implement new features to heighten the game day experience for fans. Schroder says the cost will be shared among the Louisiana Stadium and Exposition District, the Saints, and the state.
"LSED is putting $210 million, the Saints are putting in $150 million, and the state is putting in $90 million," said Schroder.
