Saints Staying In New Orleans

New Orleans Saints The New Orleans Saints and the state announce a new partnership that will extend the team's lease of the Superdome through 2025.
by The Associated Press
Published: Thu, April 30, 2009 - 12:17 pm CST Last Updated: Thu, April 30, 2009 - 12:19 pm CST
NEW ORLEANS (AP) - The New Orleans Saints and the state have
announced a new partnership that will continue the club's
commitment to the state through 2025 and also create a new Sports
Development District.
The new deal includes the NFL team's owner, Tom Benson, and his
family purchasing and redeveloping the New Orleans Centre and
Dominion Tower. The two properties, next to the Louisiana
Superdome, have sat largely dormant and in disrepair since
Hurricane Katrina.
The new agreement was announced Thursday at a New Orleans news
conference.
Gov. Bobby Jindal said that, compared to the current agreement
with the Saints, the new deal will save the state more than $280
million over the next 17 years. Jindal said no new taxes will be
required to fund the new agreement.

(Copyright 2009 by The Associated Press. All Rights Reserved.)
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