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New Orleans Saints Finalize 10-Year Lease Extension

Caesars Superdome with fans during a football game

News Summary

The New Orleans Saints have secured a significant 10-year lease extension at the Caesars Superdome, lasting through 2035. Announced by Governor Jeff Landry and owner Gayle Benson, this agreement ensures the team’s future in the historic stadium, which is vital for Louisiana’s culture. The deal includes options for further extensions and comes after lengthy negotiations. The Superdome, which recently underwent a $450 million renovation, is positioned to host future Super Bowls, providing substantial economic benefits for the region.

New Orleans – The New Orleans Saints have secured their future at the Caesars Superdome with the finalization of a 10-year lease extension that will last through 2035. This agreement was announced by Louisiana Governor Jeff Landry and Saints owner Gayle Benson, ensuring that the team will continue to play in the historic stadium, a cornerstone of the state’s culture and resilience.

The lease includes options for up to four additional five-year extensions, which could potentially extend the relationship between the Saints and the Superdome as late as 2055. This long-term commitment is seen as a major victory for both the team and the state, especially given the significance of the Superdome as a landmark in Louisiana.

Negotiations surrounding the lease had reportedly been lengthy and contentious, leading to the team missing a crucial NFL deadline to bid for the 2031 Super Bowl. The previous lease agreement, which was originally established in 2009 under the ownership of Tom Benson and during Bobby Jindal’s tenure as governor, was set to expire in 2030.

Governor Jeff Landry emphasized that this new agreement not only paves the way for more victories for the Saints and opportunities to host future Super Bowls but is also expected to contribute positively to the economic growth of Louisiana. The Superdome recently underwent a substantial $450 million renovation aimed at enhancing the fan experience, underscoring the commitment of the team to maintain a high-quality venue for its supporters.

Although specific terms of the new lease have not been disclosed, the finalization allows the Saints to seek approval from NFL Commissioner Roger Goodell to place a bid for the 2031 Super Bowl. The implications of this approval could significantly impact the future of large-scale sporting events in the region.

The previous hosting of Super Bowl 59 highlighted the economic significance of such events, with an estimated impact of $1.25 billion statewide and the attraction of over 115,000 visitors. Hosting future championships could replicate this success, boosting local businesses and creating jobs in the area.

Additionally, the announcement of the lease comes during the Superdome’s 50th anniversary year, adding to its thematic significance as a central hub for sports and entertainment in New Orleans. The continued partnership between the Saints and the Superdome is viewed as vital for both the team and the regional economy moving forward.

With the new lease in place, the Saints can confidently plan for their future, positioning themselves to pursue not just championships but also vital economic opportunities for the state of Louisiana. The finalization marks a significant milestone for the team and its fans as they look towards a promising decade ahead.

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New Orleans Saints Finalize 10-Year Lease Extension

STAFF HERE NEWORLEANS WRITER
Author: STAFF HERE NEWORLEANS WRITER

NEW ORLEANS STAFF WRITER The NEW ORLEANS STAFF WRITER represents the experienced team at HERENewOrleans.com, your go-to source for actionable local news and information in New Orleans, Orleans Parish, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as French Quarter Festival, New Orleans Jazz & Heritage Festival, and Essence Music Festival. Our coverage extends to key organizations like the New Orleans Chamber of Commerce and Greater New Orleans, Inc., plus leading businesses in energy, healthcare, and education that power the local economy such as Entergy, Ochsner Health, and Tulane University. As part of the broader HERE network, including HEREShreveport.com, we provide comprehensive, credible insights into Louisiana's dynamic landscape.

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