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Council approves EDC incentives for Bayou Cafe and Cole Haven affordable housing project
Summary
The council approved Economic Development Corporation recommendations to provide up to $90,000 in infrastructure incentives for Bayou Cafe at 2210 Highway 62 and up to $176,900 for Cole Haven Residences, a six-unit affordable housing project at 1680 Fourteenth Street.
The City of Orange voted to approve Economic Development Corporation recommendations to provide incentives for two local projects.
The council approved an incentive of up to $90,000 to assist Bayou Cafe with infrastructure improvements at the former Sonic at 2210 Highway 62. Miss Gravy told the council the owner, Todd Stark, plans to expand and renovate the building, expects roughly 32 employees at the site and is targeting a Sept. 1 opening.
“We have an EDC committee that also works to help us bring in new business. The old Sonic that is located on Highway 62 has been empty for several years, will now be refurbished and turned into a new business,” Miss Gravy said.
The council also approved an EDC incentive of up to $176,900 for Cole Commercial Holdings LLC’s Cole Haven Residences at 1680 Fourteenth Street. Miss Grama said developer Chris Cole proposes two triplex buildings containing six units (about 800 square feet each, 2-bedroom/1-bath), with an estimated $800,000 capital investment. The incentive would pay for eligible infrastructure improvements, such as concrete, electrical and plumbing.
Both motions passed unanimously.
