Audit says failed Louisiana sugar mill cost taxpayers $71M - WAFB 9 News Baton Rouge, Louisiana News, Weather, Sports

Audit says failed Louisiana sugar mill cost taxpayers $71M

Posted: Updated:
Lacassine Sugar Mill Lacassine Sugar Mill

Associated Press

BATON ROUGE, LA (AP) - Louisiana lost $71 million in taxpayer money on a failed sugar syrup mill in southwest Louisiana, according to a new audit.

Legislative Auditor Daryl Purpera's office looked at the building, leasing and selling of the Lacassine mill.

In a report issued Monday, auditors said Louisiana spent $76.7 million on the mill and recouped $5.7 million through its sale in October.

The facility in Jefferson Davis Parish, completed in 2006, was pushed by former Agriculture Commissioner Bob Odom as a way to help Louisiana's sugar industry, but it was a failure from the start.

Built for a group of cane farmers, the mill overshot its budget, never yielded the profit Odom projected and was idle for several years before it was sold for scrap.

Click here for the full report

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Powered by WorldNow