The Advocate: Denied loan forgiveness, Louisiana officials ask for break on interest cost for levee system

State officials are planning to push the Trump administration this spring to forgive $2 billion in interest the state estimates it is on the hook to pay for the multibillion-dollar New Orleans-area flood prevention system.

The move marks a retreat for state leaders, who previously asked to have both interest and principal — a total of about $3 billion — forgiven. But that was a nonstarter in Washington, according to Chip Kline, the governor’s executive assistant for coastal affairs.

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