LT. GOVERNOR LANDRIEU PUSHES BOND COMMISSION TO PASS $6.2 MILLION FOR RENOVATION OF CITY PARK GOLF COMPLEX -- 03/15/2007
Office of Lieutenant GovernorFOR IMEDIATE RELEASE
March 5, 2007
LT. GOVERNOR LANDRIEU PUSHES BOND COMMISSION TO PASS $6.2 MILLION FOR RENOVATION OF CITY PARK GOLF COMPLEX
(Baton Rouge, LA) - Today, the State Bond Commission approved a $6.2 million dollar non-cash line of credit for the New Orleans City Park Golf Complex. Lt. Governor Landrieu, who sponsored this item on the agenda, joined park officials and supporters in lauding the approval of these funds as a major step towards restoring the City Park.
"These funds will allow for improvements that will get the golf courses back into commerce and generate much needed revenues for City Park," said Landrieu. "With smart investments, City Park could live up to its potential as the best urban park in the nation."
Bob Becker, City Park Chief Executive, said this is good news. "The Park and New Orleans Community is thrilled with the financial support from the state to continue the rebuilding of City Park," Becker said. "The $6.2 million approved today for repair and enhancement of the golf complex will significantly advance the Park's ability to meet the recreation needs of the region."
Angele Davis, Secretary of the Louisiana Department of Culture Recreation and Tourism said investment in the Golf Course complex today translates into higher revenues for City Park in the future. "Prior to Katrina, revenue from golf accounted for approximately 30% of City Park's total gross revenue," she said. "The eventual completion of the renovation of the entire complex will triple the revenue coming into the park."
Since the storm only the driving range has produced revenue. The Golf Complex's damage in claims to FEMA are estimated between two and three million dollars, but FEMA funds have not been received by the park.
City Park's Master Plan for the Golf Complex includes the permanent closure of the South Course, and a comprehensive renovation of the rest of the complex. That would include an upgrade of the East, West and North Courses, and the driving range. Planning for the Golf Complex upgrade began in 2005, but was suspended as a result of Hurricane Katrina.