2026-05-18 CPC Economic Development Committee

The Caddo Parish Commission's Economic Development Committee convened on May 18, 2026, to discuss the proposed development of a large indoor sports complex aimed at boosting regional economic development and quality of life. Presentations included a detailed feasibility and financial forecast by Sports Facilities Company, highlighting the potential for significant tourism-driven economic impact, including an estimated 247,000 annual visitors and nearly 32,000 hotel room nights. The project envisions a multi-use facility with basketball, volleyball, and pickleball courts, event spaces, and potential retail and medical tenant components. Financing options were presented by bond consultants, recommending the issuance of $50 to $60 million in general obligation bonds without increasing the current property tax millage, with a potential election planned for November 3, 2026. The committee expressed strong support for the project, emphasizing its benefits for tourism, economic growth, and community quality of life. A motion to recommend calling an election for $16 million in bonds was passed unanimously by the committee members present, signaling a commitment to move forward with the project and explore public-private partnerships for development and management.