The Lafayette Redevelopment Commission on June 25 recommended designation of an economic revitalization area and approval of a real-property tax abatement for a local redevelopment project by Concrete Structures LLC.
Staff said the project is a $2.6 million investment at a site on Wabash Avenue (a former precast bridge-beam facility). Company representative John Mahan described the site's history and said the developer has prepared build-to-suit space for Road Safety Services, a highway striping company expanding into Indiana. "They're not currently in Indiana...but Lafayette's a good location for them," Mahan said, and he told commissioners the tenant is pledging a minimum of 30 jobs with an average wage of $34 an hour.
A commissioner moved to follow the director's recommendation and approve Resolution LRC 2026-14; the motion was seconded and passed on a voice vote.
What happens next: staff will proceed with paperwork related to the economic revitalization-area designation and tax-abatement recommendation for the council to consider as part of the abatement approval process.