
9.8.16
9:50 PM
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LaGRANGE — It looks like there may finally be some movement on the stalled downtown hotel project.
City Council on Tuesday approved an agreement that hands over the city-owned former Mansour’s property at 25 W. Lafayette Square to the Downtown LaGrange Development Authority, or DLDA. The DLDA also approved the agreement Tuesday.
The move paves the way for the DLDA to then transfer the property to the developer, Paramount LaGrange. Along with the handover of the property, the city is contributing $321,780 toward demolition of the existing building.
“The long-awaited hotel project, I think, is about to finally happen,” Mayor Jim Thornton said at a Council work session. “Everything on their (Paramount LaGrange) end is ready to go.”
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