Landry Quoted in the Acadiana Advocate on Lafayette’s Downtown Economic Development District
July 21, 2022
Charles Landry, a partner in Fishman Haygood LLP’s Business Section, was quoted in a May 2022 the Acadiana Advocate article detailing a proposed five-story, mixed-used residential and commercial development, which will receive reimbursement from Lafayette’s Downtown Economic Development District. This is the first development to receive repayment from the district, and funds will cover costs associated with projects like installing public bike racks, painting pedestrian striping at a crosswalk, and widening sidewalks, among others. Read more here.
Economic development districts (EDDs) are special taxing districts created to support local projects. There are hundreds of EDDs in place throughout Louisiana, but the money from Lafayette’s districts is designated specifically for infrastructure improvements which the city would be unable to afford on its own. Improvement projects must provide a “public benefit;” upgrades that relieve the strain on the city’s current sewer system offer one such example.
In 2019 Landry was retained by the former Lafayette City-Parish Council and drafted the documents to create five EDDs in the city. He now serves as general counsel to each of the five districts.
Landry is recognized by Chambers and Partners for his extensive knowledge of Louisiana land use matters including zoning and permitting work. He was a founding member and served as the East Baton Rouge Zoning Advisory Committee chairperson from its formation in 2003 to 2017.
Leading real estate investors, lenders, and developers rely on Fishman Haygood in commercial real estate transactions. Our attorneys have been involved in numerous landmark real estate transactions in the areas of commercial developments, commercial and industrial leasing, acquisitions, project finance, and syndicated financings. Fishman Haygood represents numerous developers throughout the State of Louisiana including the cities of Baton Rouge, New Orleans, Lake Charles, Lafayette, and Shreveport. Read more about the firm’s Real Estate Section here.