Settle Lawsuit Seeks Clarification of Cross Bayou Bond Funding [VIDEO]
Local blogger and retired attorney John Settle talks with 101.7 / 710 KEEL's Robert J Wright and Erin McCarty about his lawsuit requesting a judges ruling on how the remaining $2.8 million of a 1996 bond election can be used.
The proposal, which passed over twenty years ago, called for $5 million in bonds to be sold to fund the purchase of land in Shreveport's Cross Bayou area for the building of a downtown park. A portion of the bond money was used to buy the land now occupied by the city's Hilton Hotel and Convention Center.
From a Settle news release Monday morning:
"The footprint for the proposed Cross Bayou Point development includes the 500 block of Fannin Street (the old federal courthouse building), 506 Common, and the AEP meter shop at 105 McNeil. The developers want the city to acquire these properties along with others that are actually adjacent to Cross Bayou.
Settle has also asked the court to issue a temporary restraining order(TRO) against the city of Shreveport to prevent the execution of a binding Memorandum of Understanding (MOU) with the developers until there a ruling on his suit."