Benson Pledges $150M for Arena Fix

Gayle Benson, the owner of the New Orleans Saints and Pelicans, has pledged $150 million toward a proposed $420 million renovation of the Smoothie King Center. Team officials describe the project as a personal commitment to modernize the state-owned facility and secure the basketball team's future in the city.

The funding plan currently leaves a gap of roughly $200 million that the Louisiana Stadium and Exposition District, or LSED, must cover. Nola.com reports that sources indicate Governor Jeff Landry is prepared to offer $75 million in state funds for the project. The remaining balance would fall to the LSED, the state-sponsored agency that oversees the arena.

Greg Bensel, senior vice president of communications for the Saints and Pelicans, said the organization hopes to reach an agreement with the state soon. He noted that planning, approvals, and construction require time, and delays increase costs while postponing downtown development opportunities.

Bensel stated that if an agreement is reached, the Pelicans plan to move their training facility to Champions Square. The team envisions a billion-dollar district in that area featuring restaurants, retail, entertainment, office space, and public plazas. The current lease between the Pelicans and the arena expires in 2029.

The renovation project includes adding more than 2,100 seats to the lower level and upgrading the campus area between the Smoothie King Center and the Superdome. Although the changes focus on basketball, officials say the upgrades are necessary for the city to host a future Super Bowl.

Rob Vosein, chairman of the LSED, said the agency is working to reach a financially sound agreement for all parties. He stated that there is no set timeframe for when the deal will be finalized. Tourism leaders and team executives argue that a renovated venue strengthens New Orleans' bid to host the Super Bowl in 2031 by providing better facilities for the week-long event.

The proposed improvements are part of a larger effort to keep the Pelicans in New Orleans. The state-owned building requires modernization to remain competitive. Officials believe that completing the work before the 2029 lease expiration is critical for the city's long-term sports and entertainment goals.