A bill that will aid in funding bids for majors sports events in the state is heading to Gov. Bobby Jindal's desk after winning approval from the House on Thursday.
The State House of Representatives has approved a bill which will aid in funding bids for major sports event in the state.
The Senate last week had approved the bill, sponsored by Sen. Ed Murray (D-New Orleans), which dedicates extra sales taxes generated by the events towards future events. Gov. Bobby Jindal has said he will sign the bill as soon as possible.
The bill’s immediate impact should be assuring the New Orleans will bid on the 2019 and 2020 College Football Playoff championship games. Deadline for submitting bids is Tuesday.
Allstate Sugar Bowl Chief Executive Officer Paul Hoolahan had said that the his organization could not fund the entire bid, which is expected to cost approximately $18 million with little chance of it being recovered. The sales taxes will now account for up to 30 percent of the bid.
The Sugar Bowl’s executive committee was to meet later Thursday to approve its part of the bid.
The Super Bowl bids for 2019 and 2020 also will be aided by the bill, but sponsors had stressed that it could also aid events statewide.
The House passed the bill by an 85-7 vote. It had passed the Senate 34-14.