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Costco to enter Lafayette Market
Posted on 7/2/14 at 9:23 am
Posted on 7/2/14 at 9:23 am
Work begins in November, approved by Lafayette Industrial Development board on Tuesday.
3
Posted on 7/2/14 at 9:53 am to tiger perry
Did the city offer Costco an incentive package to move down there? Just wondering if Lafayette is as dumb as BR here.
Posted on 7/2/14 at 9:59 am to wpsnickers
Yes. 11 million. This is bringing in Costco plus a dozen other new businesses many are whom new to the Louisiana market
Posted on 7/2/14 at 10:01 am to wpsnickers
Yup.
LINK /
quote:
The developers will build up to $11.5 million in infrastrucure, such as roads and drainage, which will be dedicated back to the city of Lafayette, Pecot said.
In exchange, the IDB voted unanimously to grant the developers a payment in lieu of taxes exemption. The IDB will take technical ownership so that the developers will not have to pay property taxes for up to 11 years and three months in exchange for building the infrastructure.
No matter what happens, after 11 years and three months, the development reverts back to the developers, who will have to pay property taxes, said Gregg Gothreaux, volunteer executive director of the IDB and president and CEO of the Lafayette Economic Development Authority.
LINK /
Posted on 7/2/14 at 11:01 am to tiger perry
Where are they building?
Posted on 7/2/14 at 11:02 am to jimbeam
Right near Lourdes Hospital
Posted on 7/2/14 at 12:38 pm to jimbeam
What intersection is the worst traffic in the city?
yeah right there
yeah right there
Posted on 7/2/14 at 12:46 pm to yellowfin
That's why nobody ever goes by that intersection. It's always congested.
Posted on 7/2/14 at 12:49 pm to LSURussian
Posted on 7/2/14 at 1:47 pm to LSURussian
quote:
That's why nobody ever goes by that intersection. It's always congested.
correct. Going to be real bad next year with a Whole Foods and Costco back to back.
This post was edited on 7/2/14 at 1:48 pm
Posted on 7/2/14 at 6:36 pm to tiger perry
frickin ambassador is going to be a shite show from Johnston to Verdot after Costco and whole foods is open. And I have to go that route every day for work 
Posted on 7/2/14 at 6:45 pm to tiger perry
WF and Costco have very deep pockets, I wish Rousses well!
Posted on 7/2/14 at 6:52 pm to StrangeBrew
quote:
I wish Rousses well
Rouses will still be my go to. More mileage than Whole Foods or Costco but way less traffic and time for me to get there.
Posted on 7/2/14 at 7:04 pm to roguetiger15
quote:
frickin ambassador is going to be a shite show from Johnston to Verdot after Costco and whole foods is open. And I have to go that route every day for work
my condolences. The route from my house to my business has me on Congress all the time. Ambassador from Congress to Verot will be non stop gridlock.
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