NEW ORLEANS (WVUE) – The New Orleans City Council advanced legislation Thursday (May 7) to establish a dedicated fund for more than $100 million in anticipated proceeds from the sale of future lease payments from the Caesars New Orleans Casino.
The council introduced an ordinance to create the 2026 Caesars Lease Rent Strip Sale Proceeds Fund. The measure requires City Council approval before any funds can be spent or transferred.
Councilmember Lesli Harris introduced the ordinance, which was co-authored by all fellow councilmembers…