Intersection Connection effort receives more help
The City of Lafayette is helping several non-profit organizations get a new facility.
The Lafayette Family YMCA, Junior Achievement, and others want to build what’s known as Intersection Connection next to Ivy Tech. The building would house those agencies and a new IU Health Arnett medical office.
The Lafayette Redevelopment Commission approved a resolution for brownfield assistance that includes that area.
Economic Development Director Dennis Carson says the move shows the city is behind the idea of developing the site.
"If there are issues, there's assistance available. We as a city will help to the best of our ability. Many times cities are in a better position to help out with grants and things."
He says it's designed to specifically help the Intersection Connection proposal adjacent to the Ivy Tech campus apply for the New Markets Tax Credit Program. That program attracts investment to projects serving low-income communities by permitting investors to receive a Federal income tax credit.
YMCA Executive Director Paul Cramer says some fundraising has begun already.
"We're talking to many individuals right now and their interest is great in having this whole project move forward. We'll have an announcement on the fundraising goal at some point in the future and have a capital campaign following that."
There is no timeline for constructing the new building and city official do not expect there to be any problems at the site.