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The Independent UK
The Independent UK
National
Via AP news wire

Planned purchase of old Louisiana shipyard put on hold amid questions from state financing panel

ASSOCIATED PRESS

Plans by the Port of South Louisiana to purchase what was once a major New Orleans area shipyard for construction of military vessels have been delayed.

The port announced in January its intent to purchase the old Avondale Shipyard site from the current owner, port terminal operator T. Parker Host. However, The Times-Picayune/The New Orleans Advocate reported Wednesday that the purchase has been put off after port officials faced questions last month from the state Bond Commission.

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