Saints and State close to lease extension/major renovation

The cost of a new stadium dwarfs any economic benefit of a once-every-decade Super Bowl. The city and state do not have the money or population base to build a new stadium, which will have to have PSLs for financing. But the bottom line is that a constantly reburnished Superdome can keep the Saints in New Orleans, and the financial benefits of a new stadium compared to those of the Superdome are relatively small and simply do not justify a new stadium.