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Funding
Future Sources (as of February 2023)
State (LADOTD) | $5M | Yes | Committed (Cash) |
State (Capital Outlay) | $16M | Yes | Approved, CEA Executed |
State (OCD) | $10M CBDG-MIT | Yes | $10MFunded, CEA Executed |
LSU | $260K | No | Funded |
EBR City-Parish | $5M | Yes | Funded |
BREC | $5M | Yes | Funded |
TOTAL FUNDING AVAILABLE FOR PHASE 1 = $41,260,000
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Amount spent or under contract:
• $7M for Phases 1 & 2 due diligence, design, permitting, & project management
• $1.3M for Preconstruction Services & Advance Work Project
TOTAL AVAILABLE PHASE 1 CONSTRUCTION = $32,960,000
Future Phases
An additional $45M has been committed to future phases of the University Lakes project by way of memorandums of understanding from partner entities.
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State Capital Outlay .... $20M approved, $20M pending request
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LSU Athletic Dept.......... $5M
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