Lafayette Consolidated Government (LCG) has reached a settlement agreement with the Bendel Partnership for purchase of the property known as the “Homewood Detention Pond" for $11.5 million.
LCG will purchase the Bendel Partnership property using American Rescue Plan Act funds which were budgeted by the Parish Council in May of 2022. The Parish General Fund will not be affected.
It comes as the the Bendel Partnership filed a motion for damages and attorney fees in the lawsuit. To read about that, check out The Current's continuing coverage here.
“Now that litigation is resolved, LCG contractors will be mobilized, allowing us to complete the Homewood Detention Pond project that will benefit our regional detention efforts for the city, parish, and neighboring communities,” Mayor-President Josh Guillory said in a press release.
