LAFAYETTE, La. (AP) - The Lafayette City-Parish Council has signed off on pledging an estimated $8.5 million in future property taxes to pay for roads, utility lines and other infrastructure needed for a 58-acre, high-end retail center.
The Advocate reports Ambassador Town Center would be anchored by Costco, Dick's Sporting Goods, Field & Stream, Marshall's and Home Goods. Some council members and residents spoke against the proposal on Tuesday, questioning the use of public dollars to support a private project in an upscale area.
City-Parish President Joey Durel said he is generally opposed to giving public assistance to private developments, but he believes the proposed retail project is exceptional and that if Lafayette doesn't offer some incentives to seal the deal, another community will.
1808 Eraste Landry Rd, PO Box 90665,
Lafayette LA 70509