DDA: All or Nothing for Lakefront plan - KPLC 7 News, Lake Charles, Louisiana

DDA: All or Nothing for Lakefront plan

By Lee Peck - bio | email

LAKE CHARLES, LA (KPLC) - The Lake Charles Downtown Development Authority recommended moving forward with the Cypress Group's latest mixed used development plan for the lakefront, but not without expressing concerns.

The full plan which will be constructed on the piece of land south of the Civic Center will have 300 residential units, commercial space and a parking garage. While the their concept to develop this portion of the lakefront hasn't changed, the Cypress Group's approach has.

"I'm laying it all out there. I'm kind of giving you the worst case scenario," said Chris Rinaudo with the Cypress Group.  

Based on the economic climate, Rinaudo proposes doing the project in three phases over the course of five years. Phase one includes a four story 150 unit apartment complex with approximately 54-thousand square feet of shops and restaurants on the bottom floor. Phase two and Phase three would bring a parking garage -camouflaged by an additional 50 apartments.

"I want to do a parking garage, because it adds value to my development, but can the market support it? It's hard to make a parking garage work," explained Rinaudo.

Rinaudo says he'll be spending some 50-thousand dollars on market studies and doesn't want the garage to be a deal breaker and explains Phase one is his back up plan.

"I argue that the 50-thousand square feet of commercial space and the 150 units is a step forward and it brings energy and life and takes a bite at the apple of redeveloping the lakefront," said Rinaudo.  

This version is a much different vision than the one that won them over. "Perhaps a realization that the original proposal offered might have been done and certainly was done before all the facts were in," said DDA President Adley Cormier.  

Rinaudo says the bare minimum alone would generate 200-thousand dollars for the City of Lake Charles, which could be put forth to help build the parking garage. He also suggests the city consider a tax increment financing (TIF) or a tax abatement plan to be put before the voters. Bottom line the DDA wasn't buying it.

"I don't think the citizens of Lake Charles would want us just to do something because it will generate buzz. We have a buzz when the promenade and marina open," said Rick Richard, DDA member.  

"Apartments and the garage - it has to be a package from the beginning," said GiGi Kaufman, DDA member.  

In their recommendation, the DDA voted to move forward with the entire project as originally presented - with the agreement to work with Cypress Group on creative ways to finance the parking garage.

The DDA's recommendation now goes before the Lake Charles City Council for final action at their regular meeting on August 4th.

Copyright 2009 KPLC. All rights reserved.

  • More Local NewsNewsMore>>

  • SEED Center evaluates Port Cameron's future affect on Cameron Parish

    SEED Center evaluates Port Cameron's future affect on Cameron Parish

    Thursday, July 27 2017 11:45 PM EDT2017-07-28 03:45:38 GMT
    Source: Port CameronSource: Port Cameron

    It's no secret: Cameron Parish will be changing drastically over the next few years, as Port Cameron is constructed. This colossal, 500 acre ship hub to be built on the Calcasieu Ship Channel will bring in thousands of jobs and garner millions for Louisiana.  "This is very healthy for Cameron Parish," George Swift said, president and CEO of the SEED Center in Lake Charles. Port Cameron is estimated to bring in over 8 thousand temporary jobs and create close to 4 thous...

    More >>

    It's no secret: Cameron Parish will be changing drastically over the next few years, as Port Cameron is constructed. This colossal, 500 acre ship hub to be built on the Calcasieu Ship Channel will bring in thousands of jobs and garner millions for Louisiana.  "This is very healthy for Cameron Parish," George Swift said, president and CEO of the SEED Center in Lake Charles. Port Cameron is estimated to bring in over 8 thousand temporary jobs and create close to 4 thous...

    More >>
  • Flooding, economic growth and crime are brought up at District B community meeting

    Flooding, economic growth and crime are brought up at District B community meeting

    Thursday, July 27 2017 11:24 PM EDT2017-07-28 03:24:17 GMT
    (Source: Maranda Whittington/KPLC)(Source: Maranda Whittington/KPLC)

    Mayor Nic Hunter heard the concerns of many residents in District B at Thursday night's meeting.   "We avoid Enterprise," said resident Louis J. Sweet. "It's not a beautiful road. The homes and the trees are beautiful, but the road is in terrible shape."  One of Enterprise and other streets in District B's biggest problem brought up, was flooding.   "It's been many of times where I had to park on Broad Street to walk home and wade i...

    More >>

    Mayor Nic Hunter heard the concerns of many residents in District B at Thursday night's meeting.   "We avoid Enterprise," said resident Louis J. Sweet. "It's not a beautiful road. The homes and the trees are beautiful, but the road is in terrible shape."  One of Enterprise and other streets in District B's biggest problem brought up, was flooding.   "It's been many of times where I had to park on Broad Street to walk home and wade i...

    More >>
  • UPDATE: LA inmate and hostage dead following standoff with authorities at prison near Homer

    UPDATE: LA inmate and hostage dead following standoff with authorities at prison near Homer

    Thursday, July 27 2017 11:12 PM EDT2017-07-28 03:12:59 GMT
    (Source: Raycom)(Source: Raycom)

    A fugitive and his female hostage are dead after a standoff at a Louisiana Corrections Department prison in Claiborne Parish according to Ken Pastorick, Louisiana Corrections Communication Director. 39-year-old Deltra Henderson was declared missing from the David Wade Corrections Center near Homer Thursday afternoon. Henderson allegedly stole a car, crashed it, and then fled into a home on prison property. That's where authorities confronted Henderson and worked to come t...

    More >>

    A fugitive and his female hostage are dead after a standoff at a Louisiana Corrections Department prison in Claiborne Parish according to Ken Pastorick, Louisiana Corrections Communication Director. 39-year-old Deltra Henderson was declared missing from the David Wade Corrections Center near Homer Thursday afternoon. Henderson allegedly stole a car, crashed it, and then fled into a home on prison property. That's where authorities confronted Henderson and worked to come t...

    More >>
Powered by Frankly