An artist's rendering of the proposed IBM building, which will also include almost 100 river-view apartments.
Construction for the new building will be paid for with a public/private partnership not unlike that of the Shaw Center for the Arts.
Projected cost total for the office building is $30.5 million. The state will finance $14.8 million of that, along with $3 million from the city of Baton Rouge/East Baton Rouge Parish, and and $12.7 million in Community Development Block Grant funds.
At the start of the Louisiana Smart Growth Summit in November, keynote speaker Mitchell J. Silver – who works for the Department of City Planning in Raleigh, North Carolina – gave his audience some constructive criticism:
“Baton Rouge, you’re not keeping your young people. They're leaving," said Silver.