The document tells the tale; 500 Fannin Street is now owned by the State of Louisiana. The $1.75m official purchase is another step in the transition of the long unloved former Joe D. Waggonner federal building to a new, state-of-the-art office building. The building will be taken down to the steel structure, and a new building, filled with light and technology, will be created in its place.
The building, owned by Louisiana Christian University in central Louisiana, was once slated to become a law school. Those plans never fully materialized and the building sat vacant for 28 years.
Over the 28 years of vacancy, the building became blighted, an entire unattractive block with seemingly few options. What the building does have though, is good bones, good concrete and lots of space. Space for employees, for state visitors and for a new parking garage.
The Design Team has already been chosen and will be looking at the myriad of options for the space. Now that the sale has been completed, efforts can engage in earnest. The state of Louisiana’s estimate is that the new Downtown Shreveport State Office Facility will take three years to complete.