(The Center Square) – Two new resolutions concerning “payment in lieu of taxes” programs were introduced on Tuesday by the Shreveport City Council.
One of the PILOT programs is between the Northwest Louisiana Finance Authority and Barret Senior, LP, and the other is between the same public trust and Fairfield Building Lofts, LP.
The first project is estimated to cost $20.2 million, involving Barret Senior, LP. The Northwest Louisiana Finance Authority will refurbish the previously vacant Barret Elementary School and lease it to Barret Senior to use as a 74-unit senior housing facility in the city…