Looking into the future the Pelican feeding its young from a self-induced wound in its own
breast (as depicted, mysteriously, on the state flag of Louisiana) is accepted as an
appropriate symbol of both self-sacrifice and rebirth. Through his selfless efforts, man is
raised from the slavery of ignorance to the condition of freedom conferred by wisdom.
Given the current state of affairs in Louisiana, one hopes that the understanding of the Pelican
as a symbol shall point the way towards a new consciousness of ourselves as a whole, and lead us
to face our futures with strength, grace, wisdom and faith, to learn from our mistakes and carry
our successes and zest for living to future generations.
Golf Course Proposal Hits Snag
- March 8, 2001
- Source: Times-Picayune
A proposed PGA golf course on the West Bank took a hit Wednesday when surprised Jefferson Parish Council members postponed action on becoming guarantor of $12 million in bonds needed for the project, in the first public signal that developers will need the parish's financial backing to get the venture rolling. Developers and parish officials said the delay is not likely to slow the project or affect a decision by the Louisiana Bond Commission, which could vote on the issue next week. But the council's debate showed that the developers have found obstacles in rounding up the $26 million needed for the project.
Some council members, who said they thought the project's financing was a done deal, said they did not know developers had been seeking financial support from the parish. Under the proposal, the council would pay the bonds' debt if the developers default. Parish financial advisor Jerry Sisung estimated payments of a 30-year, $12 million bond issue would range from $700,000 to $800,000 a year. The money would come from riverboat casinos, off-track betting and the hotel occupancy tax, all of which total a little less than $2 million a year. If the developers default, the parish would become the owner and operator of the project, and developers would lose their investment. The Parish Council postponed its vote until April 4.
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