Sep 19, 2012 8:38 AM by AP
LAFAYETTE, La. (AP) - The Lafayette City-Parish Government will continue paying an annual subsidy of $500,000 for operations at the Cajundome and Convention Center, money that the administration argues is an investment in economic development and quality of life.
The council voted 8-1 Tuesday to renew a contract with the state-owned facility that calls for the annual financial support, a substantial part of the Cajundome's $7.2 million operating budget.
The Advocate reports the agreement also offers the Cajundome the ability each year to draw on a $100,000 fund for capital projects on an as-needed basis.
The Cajundome hosts a wide range of events, from college sports and Louisiana IceGators hockey games to conventions, seminars, Mardi Gras social balls, concerts and school graduations.