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Commission recommends tax abatement for new $2.6M facility; company pledges 30 jobs
Summary
The Commission recommended designation of an economic revitalization area and approval of tax abatement for Concrete Structures LLC, a local development project estimated at $2.6 million with Road Safety Services as tenant and a pledge of at least 30 jobs averaging $34 per hour.
The Lafayette Redevelopment Commission on June 25 recommended designation of an economic revitalization area and approval of a real-property tax abatement for a local redevelopment project by Concrete Structures LLC.
Staff said the project is a $2.6 million investment at a site on Wabash Avenue (a former precast bridge-beam facility). Company representative John Mahan described the site's history and said the developer has prepared build-to-suit space for Road Safety Services, a highway striping company expanding into Indiana. "They're not currently in Indiana...but Lafayette's a good location for them," Mahan said, and he told commissioners the tenant is pledging a minimum of 30 jobs with an average wage of $34 an hour.
A commissioner moved to follow the director's recommendation and approve Resolution LRC 2026-14; the motion was seconded and passed on a voice vote.
What happens next: staff will proceed with paperwork related to the economic revitalization-area designation and tax-abatement recommendation for the council to consider as part of the abatement approval process.
