NEW ORLEANS (AP) — Plans by the Port of South Louisiana to purchase what was once a major New Orleans area shipyard for construction of military vessels have been delayed. The port announced in January its intent to purchase the old Avondale Shipyard site from the current owner, port terminal operator T. Parker Host. However, The Times-Picayune/The New Orleans Advocate reported Wednesday that the purchase has been put off after port officials faced questions last month from the state Bond Commission. Host bought the site in 2018, roughly four years after the shipyard that once employed thousands was shuttered. The proposed purchase would require more than $400 million in public financing.

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Persons: Parker, Paul Matthews, Tony Ligi, Bond Commission “, John Schroder, Jay Dardenne, Matthews, hasn't Organizations: ORLEANS, Port, Avondale Shipyard, The Times, New, New Orleans Advocate, Bond Commission, Host, “, Treasury, ”, Administration, Avondale Locations: Port of South Louisiana, New Orleans, Avondale