The Downtown Development Authority (DDA) reports that the new downtown Northwest Louisiana State Office Building has taken another meaningful step forward, following actions approved at the recent board meeting of the Office Facilities Corporation (OFC).
Glenn Frazier, Director of the Office of State Buildings, was granted permission to sign an Encroachment Agreement with the City of Shreveport, clearing the way for continued development activity on the site. In addition, the project’s financial backing was formally increased, reflecting both planned enhancements and market-driven adjustments.
The OFC approved the following updates to the project funding:
- $75 million in Lease Revenue Bonds
- $30.5 million in OFC Cash
Recent adjustments to the project scope and associated costs include:
- $1.7 million to account for tariff-related cost impacts
- $1.4 million for the build-out of the 8th floor
- $900,000 to install a sprinkler system in the parking garage
- $221,000 for commissioning services
These changes represent a net total increase of approximately $4.2 million to the project budget.
The State of Louisiana is currently finalizing negotiations on a Guaranteed Maximum Price (GMP) with Construction Manager at Risk, Broadmoor LLC. Once that agreement is complete, Phase 2 construction is expected to begin, with a target start date around Labor Day.
The DDA has championed the relocation of state operations into downtown since at least 2001 and is encouraged to see the project moving forward. This significant state investment will bring hundreds of daily workers into the heart of downtown, generating long-term economic and civic benefits for the entire Shreveport community.
