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Council approves property exchange; developer says ground-breaking planned for April
Summary
The council granted preliminary and final approval for a multi-tract property exchange with developer Cliff Guidry, who said closings are imminent and that construction could start April 1 with an anticipated completion in 2027; incentives and TIF/PILOT arrangements will return to council for later action.
The New Iberia City Council approved Resolution No. 26-36 granting preliminary and final approval for an exchange and re-subdivision of multiple tracts proposed by a private developer.
Developer Cliff Guidry told the council his team expects to close on the first tract shortly, to submit final plans within weeks and to begin excavation "by April 1."…
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