News Summary

Progress is being made on the Northwest Louisiana State Office Building in Shreveport, following key approvals from the Downtown Development Authority. Financial support has surged, with $75 million in lease revenue bonds approved. The construction timeline is set to start in July, with bids due soon. This project is expected to significantly benefit the local economy by attracting hundreds of daily workers.

Shreveport Moves Forward on New State Office Building Project

The Northwest Louisiana State Office Building project in Shreveport is gaining momentum following recent approvals by the Downtown Development Authority (DDA). Key actions taken during a board meeting have set the stage for development activities at the site, primarily through the authorization of an Encroachment Agreement with the City of Shreveport.

Financial Support and Project Costs

Financial backing for the Northwest Louisiana State Office Building has seen a significant increase, including the approval of $75 million in lease revenue bonds and $30.5 million in cash from the Office Facilities Corporation (OFC). However, adjustments in project costs have led to a total increase of approximately $4.2 million. Factors contributing to this rise in costs include:

• $1.7 million related to tariff impacts
• $1.4 million for the build-out of the eighth floor
• $900,000 for installing a sprinkler system in the parking garage
• $221,000 for commissioning services

Upcoming Construction Timeline

The state is currently finalizing negotiations concerning a Guaranteed Maximum Price (GMP) with Broadmoor LLC, the Construction Manager at Risk. Once the GMP agreement is complete, Phase 2 of construction is anticipated to commence around Labor Day. To ensure smooth progress, Broadmoor has conducted an informational meeting for trades and subcontractors, emphasizing their preparedness to start construction work at the site located at 500 Fannin Street beginning in July.

Bidding and Completion Timeline

Contractors looking to participate in the project will need to submit their bids by May 28. The maximum completion price submission from Broadmoor is due on June 6. If construction starts as planned, the expected completion date for the 150,000-square-foot office building, which will feature a multilevel parking garage, is projected for late spring or summer 2027.

Community Impact and Historical Context

The DDA has actively advocated for moving state operations downtown since 2001. Advancements in this project are anticipated to significantly benefit the local economy by bringing hundreds of daily workers into the area, generating long-term economic and civic incentives for the Shreveport community.

Contractor Partnerships

Broadmoor LLC is recognized for its extensive experience with large-scale projects, having previously contributed to renovations for the Caesars Superdome and various constructions for Tulane University and NASA. The subcontractors selected for this project include:

• Hamm Mechanical, responsible for plumbing and HVAC installations
• All Star Electric, handling electrical work
• Gage Precast, conducting precast concrete installations

The progression of the Northwest Louisiana State Office Building project marks a crucial development for Shreveport’s downtown area. With active financial support, community engagement, and an experienced construction team, the project aims to deliver significant infrastructure and employment benefits to the region in the years to come.

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Additional Resources

• KSLA: Funding Increases for New NWLA State Office Building
• Shreveport-Bossier Advocate: State Office Building in Downtown Shreveport
• KTBS: Downtown State Office Building Construction Costs Increase
• Shreveport-Bossier Advocate: New NW Louisiana State Building Funded
• Wikipedia: Shreveport, Louisiana
• Google Search: Shreveport Northwest Louisiana State Office Building

Author: STAFF HERE SHREVEPORT WRITER

The SHREVEPORT STAFF WRITER represents the experienced team at HEREShreveport.com, your go-to source for actionable local news and information in Shreveport, Caddo Parish, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Mudbug Madness Festival, Red River Revel Arts Festival, and Independence Bowl. Our coverage extends to key organizations like the Shreveport-Bossier Chamber of Commerce and Shreveport Regional Arts Council, plus leading businesses in gaming, healthcare, and energy that power the local economy such as Horseshoe Casino, Ochsner LSU Health, and Atmos Energy. As part of the broader HERE network, including HEREBatonRouge.com and HERENewOrleans.com, we provide comprehensive, credible insights into Louisiana's dynamic landscape.