Because of the long duration of
negotiations over a development agreement between Lake Charles City Hall
and Mardi Gras Boardwalk,
discussions between the two parties are venturing towards the
outright sale of nine-acres of land on the lakeshore in order
to move the development proposal forward.
Local attorney Brian Abshire told the Downtown Development Authority Monday that a purchase agreement could be completed more
quickly.
Last year the City Council approved a measure that would allow Mardi Gras Boardwalk time to “put the whole project together
like getting condos purchased,” Abshire said.
Lots of legal paperwork has been completed, with some parts totaling 80 pages long, he said.
“And that has bogged down; there have
been a lot of changes and amendments in the legal work,” Abshire said.
“Rather than
go through all of that, the idea is to go straight to the purchase
agreement and deal with other issues after the purchase.”
Officials with Mardi Gras Boardwalk intend to pay more than $4 million for nine-acres of land along with the abandoned parking
garage that sits on the property.
The company intends to build a multi-million dollar entertainment and residential complex on the land.