Mar 20, 2013 8:50 AM by AP
LAFAYETTE, La. (AP) - The Lafayette Public Trust Financing Authority is on track to buy the former Greyhound bus station, paving the way for the now-vacant facility to possibly become a police substation.
The City-Parish Council approved an ordinance giving up the local government's right of first refusal to purchase the land, giving LPTFA its blessing to pursue the purchase. Lafayette Consolidated Government received that right of first refusal as part of an earlier lawsuit settlement, and officials say plans to convert the facility into a police substation are still in early stages.
The ordinance approved Tuesday night gives LPTFA the ability to buy the facility for $157,000.
Information from: The Advertiser, http://www.theadvertiser.com