News Summary
Louisiana legislators have approved a $3.5 million funding allocation for LSU to acquire the Copper Crowne Equestrian Center in Opelousas. This acquisition, part of a $50 billion budget plan, is deemed essential for supporting the horse racing industry and educational opportunities in veterinary and agricultural studies. LSU was selected over ULL due to its established facilities, though the university did not request this funding. The deal’s progression depends on the governor’s approval.
Baton Rouge, Louisiana — Louisiana legislators have approved a significant funding allocation of $3.5 million in state money for Louisiana State University (LSU) to acquire the Copper Crowne Equestrian Center, a horse facility located in Opelousas. This decision was made part of a larger $50 billion budget plan, which passed through the state legislature on Thursday.
The need for this acquisition arises from the facility’s risk of closure, as outlined by Senate President Cameron Henry, who labeled the purchase crucial for sustaining the horse racing industry in Louisiana. Henry emphasized the importance of maintaining operations at the facility, defining it as a “necessity.”
Discussions regarding the potential new owner of the Copper Crowne Equestrian Center had previously involved considerations for both LSU and the University of Louisiana at Lafayette (ULL). However, Henry asserted that LSU was deemed a more suitable candidate for the acquisition due to its established veterinary school and Agricultural Center (AgCenter).
Crucially, LSU did not request this funding for the facility. The decision was made without prior consultation with the institution. John Walters, LSU’s vice president for external affairs, confirmed that the university had not sought the financial support for the equestrian center. Despite this unrequested allocation, Henry felt compelled to move forward with the funding arrangement.
Dean Oliver Garden of the LSU veterinary school acknowledged his limited involvement in talks surrounding the facility. However, he indicated that there could be various beneficial uses for the center within the educational framework of the university.
Funding for the purchase includes state financing covering half of the $7 million facility valuation, with the remainder set to be donated to LSU. The deal for the Copper Crowne Equestrian Center hinges on whether Governor Jeff Landry exercises his line-item veto to eliminate the funding from the budget.
The Copper Crowne Equestrian Center, presently owned by Harold Forman, a New Orleans native engaged in the construction business, spans 200 acres and is equipped with essential infrastructure for equine activities. These amenities include a veterinary clinic, several barns, an arena, a training track, a rehabilitation facility, as well as foaling and boarding facilities, augmenting the potential use of the property for both educational and industry-related purposes.
This purchase comes as the state recognizes the wider implications of supporting the horse industry. With a maintained facility, stakeholders anticipate positive impacts not only on Louisiana’s horse racing scene but also on educational opportunities for veterinary and agricultural students at LSU.
As the state looks towards the finalization of this deal, it marks a significant step in the ongoing dialogue surrounding the role and support of agricultural education and industries within Louisiana’s economy.
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Additional Resources
- Louisiana Illuminator: LSU to Buy Equestrian Center
- Business Report: Roundup – LSU Equine Facility
- New Orleans CityBusiness: Louisiana Budget Voucher Program Defunded
- Google Search: Louisiana Equestrian Center LSU acquisition
- 973 The Dawg: Louisiana Jockey Arrested
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