Committee backs bill expanding Lafayette Economic Development Authority redevelopment powers
Senate Bill 107 would expand the Lafayette Economic Development Authority’s powers to act as a redevelopment authority to address blight and foreclosures; the agency said it hired consultants and seeks additional authorities to expedite titles and redevelop properties.
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The committee reported Senate Bill 107 favorably after testimony that the Lafayette Economic Development Authority needs additional powers to address blighted properties and expedite redevelopment in Lafayette Parish.
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