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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." Guidry said he and his contractors aim to finish the primary project elements by mid-2027, adding that a large, coordinated team of engineers, contractors and architects stands behind the timeline.
Council members thanked Guidry for the investment and emphasized the project's potential economic impact; the mayor noted that incentives, including a pilot-in-lieu-of-taxes (PILOT) and TIF-district support, were available and would be brought back to council as separate agenda items to address specifics and formal approvals.
The clerk read the resolution language and asked the council to vote; the council approved the measure (vote by machine; tally not specified in the record). Council members said follow-up items (detailed incentive agreements, potential developer requests and related intergovernmental coordination) will return to the council in subsequent meetings.
Next steps: Staff and the developer will proceed with closings and planning; incentive agreements and any PILOT/TIF requests will come to council for review and formal consideration.
