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Shreveport council endorses Cross Bayou project while mayor sniffs

The development company, Gateway Development Consortium, said Wednesday that the council's action will permit it to proceed with securing investor commitments.

In the past, Gateway also has said it needed a city endorsement to begin discussions with possible anchor tenants. Key among those tenants is Louisiana state government, which Gateway hopes to entice into placing 1,000 or more state employees in an office building in the development.

"We commend the council for its confidence in allowing our team to begin the process of moving forward," Gateway said in a statement.

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