The LessPay Motel on University Avenue could on its way to demolition by next week.
Lafayette Councilman Pat Lewis tells KATC that the sale of the building has gone through to HRI Properties out of New Orleans. The sale of the building which was privately owned went through on Thursday.
Lewis says that demolition of the building could begin next week but HRI would be determining what will be done with the property and what will be put in it's place.
HRI properties according to their website, owns, develops and manages upscale-branded and independent hotels, luxury apartments and mixed-use properties in urban centers.
According to the Advocate, HRI plans to create a 40-unit apartment complex in the area which will include the former Coca-Cola plant.
Lewis says that the sale and demolition is a step in the right direction for the area.
"This will help with more development," Lewis said. "it will hopefully bring more activity in the right direction."
A few weeks ago, the council approved a 1.5 million loan to help with HRI's bottle art loft project at the old Coca-Cola plant site.
Mayor President Josh Guillory on social media says that demolition is scheduled to begin next week.
"This is the first visible step in the restoration and renewal of this historic area of Lafayette," Guillory said. "Combined with our other efforts in the University Avenue Corridor, we will be making real progress in this important gateway into our city."
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