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Project Background
In the fall of 2025, the City of Lafayette acquired the properties at 200 N. Public Road and 108 N. Public Road in the heart of Old Town. The site includes a former Chase Bank building and a surface parking lot that provides 35 public parking spaces supporting nearby businesses, events, and visitors.
The parking lot has served downtown since 2016, and the bank building has been vacant since 2024. When the properties were listed for sale together, the City and the Lafayette Urban Renewal Authority (LURA) pursued acquisition to preserve public parking and create an opportunity for reinvestment at a highly visible downtown location.
Why Did the City Purchase the Property?
The City and LURA purchased the property to secure a critical public parking asset and to return a prominent downtown building to active use.
The 108 N Public Road parking lot will remain a city asset and available for public use and community activities such as the Lafayette Farmers Market and seasonal pop-ups. The 200 N Public Road former bank building presents an opportunity to attract a sales tax–generating business that complements existing downtown uses and strengthens Old Town as Lafayette’s central business district.
What Happens Next?
The City and LURA issued a Request for Proposals (RFP) to identify a qualified local business(s) or development team to purchase and activate the 200 N. Public Road property.
The RFP will seek proposals that bring energy, activity, and economic value to the site while avoiding long-term vacancy. The selection process will be competitive and transparent, with opportunities for community input. The final proposal will be presented to City Council for approval prior to the sale of the property.
How can I get involved?
Stay tuned this summer for opportunities to provide feedback on potential proposals.
Project Background
In the fall of 2025, the City of Lafayette acquired the properties at 200 N. Public Road and 108 N. Public Road in the heart of Old Town. The site includes a former Chase Bank building and a surface parking lot that provides 35 public parking spaces supporting nearby businesses, events, and visitors.
The parking lot has served downtown since 2016, and the bank building has been vacant since 2024. When the properties were listed for sale together, the City and the Lafayette Urban Renewal Authority (LURA) pursued acquisition to preserve public parking and create an opportunity for reinvestment at a highly visible downtown location.
Why Did the City Purchase the Property?
The City and LURA purchased the property to secure a critical public parking asset and to return a prominent downtown building to active use.
The 108 N Public Road parking lot will remain a city asset and available for public use and community activities such as the Lafayette Farmers Market and seasonal pop-ups. The 200 N Public Road former bank building presents an opportunity to attract a sales tax–generating business that complements existing downtown uses and strengthens Old Town as Lafayette’s central business district.
What Happens Next?
The City and LURA issued a Request for Proposals (RFP) to identify a qualified local business(s) or development team to purchase and activate the 200 N. Public Road property.
The RFP will seek proposals that bring energy, activity, and economic value to the site while avoiding long-term vacancy. The selection process will be competitive and transparent, with opportunities for community input. The final proposal will be presented to City Council for approval prior to the sale of the property.
How can I get involved?
Stay tuned this summer for opportunities to provide feedback on potential proposals.
