Covering Louisiana

Aug 25, 2014 8:00 AM by AP

New CLTCC campus could pay enormous dividends

Officials say building a new Central Louisiana Technical Community College campus in downtown Alexandria could pay enormous dividends for years and even decades to come.

The Town Talk reports Monday that's why Mayor Jacques Roy has labeled it the city's "No. 1 project."

Central Louisiana Economic Development Alliance President Jim Clinton says the short-term economic impact of construction alone might be about $50 million, but the long-term economic impact is "in the hundreds of millions" of dollars.

The new campus in downtown Alexandria will cost nearly $22 million, but the city has plans for related spending of about $5 million for downtown initiatives.

Roy says additional investments by other stakeholders should boost the overall scope of the project to about $30 million.

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