Lafayette City Council members, acting as the board for two economic development districts, have agreed to provide $500,000 toward a downtown redevelopment plan and, in principle, $1.25 million to redevelop the former Northgate Mall.
Serving as the board for the Downtown Lafayette Economic Development District, City Council members on Tuesday agreed to use EDD tax revenue to pay half of the $1 million cost to generate an urban redevelopment plan for downtown.
The EDDs are specially defined areas that collect an extra 1% tax on sales within the district and a 2% hotel occupancy tax in the district…