The Cajundome Convention Center, Lafayette's largest landmark, has been a huge economic contributor; and following Tuesday's consolidated government vote Lafayette will continue to see its economic impact.
LCG Council members extended their financial ties agreeing to subsidize $100,000 for capital expenditures and $500,000 for utilities and other operational expenses.
Chief Administrative Officer Dee Stanley reminded the council that LCG financed one-third of the Cajundome's construction with a one-third liability obligation.
If there's a need for a major repair, LCG could be liable for one-third the bill.
Last week, the council turned down a $50,000 subsidy increase for the Cajundome - opting to give the money to an interstate cleanup project.
"They are certainly going to operate within their budget as they do every year. They've made some hard decisions just as this government has," says Stanley.
Councilman William Theriot voted against the Cajundome contract. Theriot says LCG has other monetary obligations to consider.
"In my opinion these monies could be used to subsidize the fire station personnel. Again, it's where the council thinks its priorities should be," says Theriot.
Cajundome Director Greg Davis was at the meeting. Davis says if the subsidy is not given, it won't quite be business as usual.
"The Cajundome would not close. We would still operate, but there would be a major focus on profit and less of a focus on civic activities, economic development and those kind of things," says Davis. The 5-year contract has an effective date of September 23 and comes with a termination clause
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