Louisiana Skips Bond Sale But Construction Coasts On
The $403.5-million construction of Louisiana’s John James Audubon Bridge and the $1-billion widening of the Huey P. Long Bridge are on shakier financial ground following an announcement that the state will skip a planned December bond sale. State officials hope a sale in the spring will find a more favorable economic clime.
Whit Kling, director of the State Bond Commission, said on Oct. 16 the state is canceling the December sale of $485 million in bonds because its economic advisers say no one is likely to buy them.