The City of New Iberia will hold a public meeting June 16 to discuss the creation of a new Economic Development District to be located at the Lagniappe Village shopping center at 1102 Admiral Doyle Drive.
The shopping center, owned by RockStep Capital, currently houses national chains such as TJ Maxx, ALDI and PetSmart among others. According to New Iberia mayor Freddie Decourt, the developer reached out to request the EDD in order to help cover infrastructure improvements for the parking lot. The ordinance that creates the EDD would also implement a one-cent sales tax on all purchases in the district.
DeCourt says the purpose of the tax will be to refund the developer for an initial investment into improvements for the facility’s infrastructure…