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LCG receives two proposals for redevelopment project near Buchanan garage

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Posted at 10:24 AM, Jan 05, 2021
and last updated 2021-01-05 12:48:15-05

LAFAYETTE — Two companies have submitted proposals to LCG to develop the property near the Buchanan Street parking garage.

Lafayette Consolidated Government says that when the RFP closed at 4:30 p.m. on Monday January 4, 2021, they had received only two submissions.

LCG confirms that the proposals are from Chad G. Ortte, a local Real Estate Broker and Community Directions, INC. A spokesperson says that Ortte has proposed an outright purchase while Community Directions, INC. is proposing a lease of the parcels of land.

In October, LCG re-issued a Request for Proposals (RFP) for the two undeveloped parcels adjacent to the Buchanan Garage.

The Lafayette Downtown Development Authority says that the previous RFP issued in 2018 included the garage, however, the Parish Council last year voted to allocate $3.5 million to renovate the garage.

The site in this RFP is comprised of two parcels totaling approximately 0.9 acres, located along the 800 block of S. Buchanan Street with some frontage on W. Convent and Jefferson Streets.

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