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Louisiana Tech University
Flagship of the University of Louisiana System
The capital outlay portion of the Academic Center in the NEZ survived the governor's veto pen, as did every other higher ed project in the state.
Is he trying to make up for his ineptitude in most every area by finding stuff to win votes for Congress? Most assuredly. People have short memories of political misgivings, so it probably will work.
He can't approve what the Republican legislature doesn't pass. They could have put more of it into the rainy day fund....but chose not to.
The one thing they can't do is use what is likely one-time money for recurring use. Like him or not - Rep. Lance Harris, who was term limited out of office, forced a bill through the legislature several years ago that prevented one-time money being allocated for recurring spending.
D80,
Have you heard anything regarding Prather Col. at NSU being replaced? If there was ever a time for allocating some money for it this was the year!
All future college capital outlay funding took a hit a couple of weeks ago when Lumen (CenturyTel) "donated" its Monroe world-wide headquarters building to nlulm.
Where else will they get funding to make needed modifications for an additional campus location. Certainly you don't think they've got renters rushing to locate in Funroe.
Louisiana Tech University
Flagship of the University of Louisiana System
Had Lumen on my stock watch list about 1 1/2 years ago, or so. Purged them off the list when I didn't like the direction the company was heading. Then, totally forgot about them until I saw your post. Wow and ouch! Trading at a mere $2 bucks. I'll have to read up on what happened.
My posts were not about the failure of the catastrophic Denver corporate movements of Lumen, but the future of funding of a compound which has been rarely used since the Pandemic and how nlulm wants to get it up-do-date for their usage.
Last edited by Dawgpix; 07-16-2023 at 06:24 AM.
Louisiana Tech University
Flagship of the University of Louisiana System
Saw posts of them breaking ground and starting this project, but I still can't find an image of the final plan.
I decided to start "playing" in the stock market in May 2022. Lumen looked like a good source of dividends. I got one dividend payment in September 2022. Lumen decided to "suspend" making dividend payments and the stock price started a deep dive after that. $10.938 a share on August 2, 2022 and $1.75 a share on June 9, 2023. I'm holding on to my shares in hopes of a rebound - someday.