The demolition of the Less Pay Motel is nearly complete.
Demolition of the hotel at the corner of Cameron Street. and University Avenue began ten days ago.
New Orleans based developers HRI Communities plans to transform the area into forty lofts with a leasing preference towards artists. Along with the demolition on the motel at Four Corners, the old Coca-Cola Bottling building next door will be renovated.
In April, the Lafayette City Council approved a $1.5 million loan for the project and the developer has 45 years to pay the money back.
This project is happening because of government help. The area is designated as an opportunity zone. In addition to the loan from the city of Lafayette, the Acadiana Planning Commission has committed $500,000.
KATC was at the site when demolition began, click here for more.
------------------------------------------------------------
Stay in touch with us anytime, anywhere.
To reach the newsroom or report a typo/correction, click HERE.
Download our free app for Apple,Android, Roku and Amazon devices.
Sign up for newsletters emailed to your inbox. Select from these options: Breaking News, Evening News Headlines, Latest COVID-19 Headlines, Morning News Headlines, Special Offers
