OTHER NEWS - Sept. 12, 1996
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Harrah’s Jazz to Post Bond for New Orleans Casino: Harrah’s Jazz Co. said it will issue a new bond to guarantee completion of a casino across from New Orleans’ French Quarter. The project has been under federal bankruptcy court protection since November. Harrah’s Jazz agreed to issue the bond to placate city officials with whom it is negotiating a new lease for the site. The cost of completing the project has been estimated at $250 million. Harrah’s Jazz is a partnership involving Harrah’s Entertainment Inc. of Memphis, Tenn.; New Orleans/Louisiana Development Corp.; and Gran Palais Casinos.
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