Lafayette

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Lafayette

LOWE'S CONSTRUCTION DELAYED TO AT LEAST MID 2009

Lowe's Home Improvement Center recently informed Lafayette officials that it will not begin construction on its Highway 7 and 119th Street property until at least mid 2009. In 2007, Lafayette voters approved a special election ballot issue authorizing annexation of the property and City council approved Lowe's development plan in January of 2008. One effect of the delay will be for Lafayette to revise its revenue forecasts for 2009 and that means the City’s relatively flat sales tax revenue will likely continue until 2010.