Bernhard delivers $1.3 billion bid for LUS
Billed as a $4.1 billion deal, the offer is heavy on assumed indirect economic impacts.
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Business + Innovation
The dangers of Loren Scott’s economic optimism
While one economist may be projecting the end of Lafayette’s recession, more context is needed to understand the situation our economy is in
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Aug. 30, 2018, marked the fall of oil and (hopefully) the rise of tech in Lafayette
The day started with the news that LAGCOE was leaving for New Orleans and ended with a pitch competition that’s a symbol for a future where Lafayette is a hub for healthtech startups.
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Lafayette’s economy loses more than half a billion dollars in movable property in two years
The gist: Lafayette Parish Tax Assessor Conrad Comeaux has just finished up the latest tax roll, confirming that Lafayette lost hundreds of millions of dollars in movable property since 2015.
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Liz Hebert’s bus shelter initiative gets rolling
▸ The gist: Councilwoman Liz Hebert launched an effort earlier this year to raise money to cover some of the city’s 600 uncovered bus stops. The council approved a budget line item to receive donations going forward, officially activating the effort.
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How tolerance is essential to growing Lafayette’s innovation economy
The Drag Queen Story Time episode’s impact is bigger than drag queens and literacy.
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In meetings with city leaders, Bernhard’s vision for LUS begins to emerge
As part of its plan to take over management of LUS’s electric division, Bernhard Capital Partners is presenting a vision of creating a Fortune 500 company headquartered in Lafayette.
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Cajundome director Greg Davis steps down to save the cost of his salary
Longtime Cajundome Director Greg Davis didn’t think it was right that he hold onto his $160,000 a year job while having to deliver news to seven other employees that their positions were being eliminated. So the 63-year-old, who has worked for the Cajundome since it opened in 1985 — 25 years as director — announced he’ll retire at the end of October, three years earlier than he’d planned.
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Council approves a new innovation trust, a possible ‘crypteaux’ vehicle
▸ The gist: On Tuesday, the Lafayette City-Parish Council voted to approve the creation of a new public trust, called the Lafayette Public Innovation Alliance, and seat its first trustees. They were approved to serve five-year terms by the City-Parish Council. Future trustees will be nominated by the mayor-president and approved either by the city-parish council […]
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Coming up roses
Lauren Bercier of Something Borrowed Blossoms says Lafayette is a great place to launch tech-based businesses that can reach a national market.
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Robideaux administration considering sale of LUS’s electric division Mayor in ongoing discussions with private equity firm to purchase or manage the division
Talks between the Robideaux administration and Bernhard Capital Partners over the potential purchase of Lafayette Utilities System have been ongoing since at least the beginning of the year.
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The high cost of political uncertainty
Lafayette needs less uncertainty from local government not more. But that’s not the direction we’re going.
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