SHREVEPORT, La. – One of downtown Shreveport’s vacant skyscrapers is a step closer to redevelopment.
The Louisiana State Bond Commission gave preliminary approval for financing tied to the Petroleum Tower renovation project Thursday.
“We got unanimous approval from the state Bond Commission to allow the development team to move forward with the issuance of up to $25 million in taxable bonds to convert the Petroleum Tower into the Petroleum Tower lofts,” said Downtown Development Authority Executive Director Cedric Glover…