The company that manages the Superdome and Smoothie King Center is in line for a contract renewal through 2022.
A panel of lawmakers and other state official agreed yesterday to the five-year contract extension for the SMG company. The action also must win approval from lawmakers through mailed ballot.
Ron Forman is chairman of the Louisiana Stadium and Exposition District. He says SMG is taking a $300,000 annual cut in fees, and will pay $5 million toward facility improvements under the new deal.
SMG has held the contract for nearly 40 years.