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Roussel, who resided in Metairie in Jefferson Parish, died on October 20, 2001, at the age of ninety-five. Services were held on October 23 at the Lake Lawn Metairie Funeral Home Chapel. Interment was at Metairie Cemetery in New Orleans.<ref name=obit/> At the time of his death, Roussel had four grandchildren and eight great-grandchildren.<ref name=obit/>​

Roussel, who resided in Metairie in Jefferson Parish, died on October 20, 2001, at the age of ninety-five. Services were held on October 23 at the Lake Lawn Metairie Funeral Home Chapel. Interment was at Metairie Cemetery in New Orleans.<ref name=obit/> At the time of his death, Roussel had four grandchildren and eight great-grandchildren.<ref name=obit/>​

Roussel is remembered through the Louis J. Roussel Performance Hall at Loyola University in New Orleans.<ref>{{cite web|url=http://travel.aol.com/travel-guide/united-states/louisiana/new-orleans/louis-j-roussel-performance-hall-nightlife-detail-371777/|title=Louis J. Roussel Performance Hall|publisher=travel.aol.com|accessdate=October 31, 2010; information no longer available}}</ref> The Louis J. Roussel, Jr. Laser Planetarium and MegaDome Cinema in Kenner, which seats one hundred, is also named in his honor.<ref>{{cite web|url=http://www.goby.com/louis-j-roussel-jr-laser-planetarium-+-kenner-la--near--kenner-la/e-1722459|title=Louis J. Roussel, Jr., Laser Planetarium - Kenner, LA|publisher=goby.com|accessdate=October 31, 2010}}</ref>​

Roussel is remembered through the Louis J. Roussel Performance Hall at Loyola University in New Orleans.<ref>{{cite web|url=http://travel.aol.com/travel-guide/united-states/louisiana/new-orleans/louis-j-roussel-performance-hall-nightlife-detail-371777/|title=Louis J. Roussel Performance Hall|publisher=travel.aol.com|accessdate=October 31, 2010; information no longer available}}</ref> The Louis J. Roussel, Jr. Laser Planetarium and MegaDome Cinema in Kenner, which seats one hundred, is also named in his honor.<ref>{{cite web|url=http://www.goby.com/louis-j-roussel-jr-laser-planetarium-+-kenner-la--near--kenner-la/e-1722459|title=Louis J. Roussel, Jr., Laser Planetarium - Kenner, LA|publisher=goby.com|accessdate=October 31, 2010; no longer on-line}}</ref>​

His namesake son, Louis Roussell, III, an [[attorney]], was the owner along with Ronnie Lamarque of Risen Star, the 1988 winner of the Preakness and the Belmont Stakes.<ref name=notes>{{cite web|url=http://www.tulane.edu/~rivgate/notes_ch7anote4.html|title=Notes|publisher=Tulane University|accessdate=October 31, 2010; no longer on-line}}</ref> Risen Star finished third in the [[Kentucky Derby]]. Roussel, III, also owns the [[Kentucky]]-bred son of Risen Star, Star Standard.<ref>{{cite web|url=http://www.nola.com/horseracing/index.ssf/2010/05/no_triple_crown_for_super_save.html|title=Bob Fortus, "Winning the Triple Crown Like Winning an 'Iron-Man Contest'"|publisher=''New Orleans Times-Picayune''|date= May 24, 2010|accessdate=October 31, 2010; no longer on-line}}</ref>​

His namesake son, Louis Roussell, III, an [[attorney]], was the owner along with Ronnie Lamarque of Risen Star, the 1988 winner of the Preakness and the Belmont Stakes.<ref name=notes>{{cite web|url=http://www.tulane.edu/~rivgate/notes_ch7anote4.html|title=Notes|publisher=Tulane University|accessdate=October 31, 2010; no longer on-line}}</ref> Risen Star finished third in the [[Kentucky Derby]]. Roussel, III, also owns the [[Kentucky]]-bred son of Risen Star, Star Standard.<ref>{{cite web|url=http://www.nola.com/horseracing/index.ssf/2010/05/no_triple_crown_for_super_save.html|title=Bob Fortus, "Winning the Triple Crown Like Winning an 'Iron-Man Contest'"|publisher=''New Orleans Times-Picayune''|date= May 24, 2010|accessdate=October 31, 2010; no longer on-line}}</ref>​