WEST LAFAYETTE, Ind. (WLFI) — The year 2040 seems like a long way off, but the West Lafayette City Council is in the process of approving a project that will last that long.
The city is partnering with Purdue University to expand the west end of campus, towards U.S. 231. The development will welcome new living space along with academic buildings. West Lafayette also plans to welcome a business district on the west side of U.S. 231.
As it stands, the TIF 2 zone, or 231 Redevelopment Project, could nearly double the city's revenue. Mayor John Dennis said a project like this is rare.
"I get around the state. You know, I go to meetings and I meet with mayors from around the state of Indiana. We are the envy of almost every mayor I interact with," said Dennis. "Nobody gets this kind of opportunity, this doesn't happen. When you think about the timeline we're talking about doing this in, the road itself being done in three years. A total investment of almost a billion dollars in 10 to 20 years, that is absolutely unheard of."
The city plans on gathering input and information with consultants for the next few months. The current project is estimated to cost nearly $107 million.