Developers Seek Additional SugArena RV Project Funding - KLFY News 10

Developers Seek Additional SugArena RV Project Funding


The Iberia Council last year gave $5 million to the SugArena RV Project in New Iberia. Throughout the year the project has received hundreds of thousands of dollars in more funding. And tonight council members will be asked for five hundred thousand dollars more in funding which has some members shaking their heads.

"Enough is enough and I think they need to live within that five million dollars, do whatever they can that's affordable under that five million dollars and make that park generate some revenue and offset the costs," said Iberia Parish council member Ricky Gonsoulin.

Iberia Parish council member David Ditch is also opposed to any more funding for the public RV park because SugArena is  requesting tax increment financing or TIF money, which is meant to jump start private ventures in that area.

"I'm not giving anymore to the project and especially not TIF money that is being funded out of a district that was created to spur private economic development. Basically, they are essentially asking us to take TIF money and spend it on a public facility," said Ditch.

Acadiana Fairgrounds Commission Chairman, Karl Vincent, contends that the RV project is well within the parish TIF district has already collected on TIF money from the council and is well within its rights to collect more.

"We've always thought and considered ourselves part of the TIF district. That's why we got the one hundred sixty thousand dollars initially for sewage which is why we legitimately are asking for now the two hundred fifty thousand for the water structure and pavement," said Vincent.

Vincent's says without council approval tonight the project is still slated to open May 15, but will be adversely affect future TIF projects in the area.

Darren Botelho

Powered by WorldNow

1808 Eraste Landry Rd, PO Box 90665,
Lafayette LA 70509

Telephone: 337.981.4823
Fax: 337.984.8323

Can’t find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Young Broadcasting of Louisiana, Inc. A Media General Company.