Student Union Construction.

[HelmutVII]

I had a contractor in our office a couple of months ago who was in the process of submitting bids to demolish the old Lourdes. It should occur shortly.

BTW, UL has $10 million set aside for the purchase of additional property. That was included in the rather large pdf that was in the last UL board meeting giving approval for the work at the athletic complex as well as the parking garage.

They are doing asbestos abatement on the old building now. I suspect they will start the demolition fairly soon after that. (except the parking garage as I understand)

[Boomer]

I thought that the Horse Farm money was being set aside specifically for the Lourdes purchase---really don't know---anybody have the scoop?? Beau would that be part of the $10 mill???

[HelmutVII]

Time schedules and other information are in this link

http://louisiana.edu/news-events/new...jects-approved

[NewsCopy]

Link to photos of the last beam going up.

Advertiser
_ photos _

[Ragin' Realtor]

I think the Lourdes property is a must buy for the University. The opportunity to purchase that amount of raw land that close to the current main campus, will likely never come available again. Add to that the fact that the Saint Landry portion could become a corridor connecting the main campus to the property already owned by the University around Blackham coliseum, and its a no brainer.

I hope the University is currently being pro-active locking down the purchase of this property, as once the old hospital buildings come down I believe the demand for that raw land will be high. The last thing the University needs is to get in a bidding war with some developer with deep pockets.

The current asking price on the 25 acre site is about $36 million; the money UL got for the horse farm is only gonna cover a downpayment. Regardless now is the time to strike as once it becomes raw land, it could be subdivided and sold off in parcels.

[HelmutVII]

I hope the University is currently being pro-active locking down the purchase of this property, as once the old hospital buildings come down I believe the demand for that raw land will be high. The last thing the University needs is to get in a bidding war with some developer with deep pockets.

This is exactly what Lourdes wants. They are not crazy. The only reason they are demolishing the hospital is to open up the tract of land to people that don't want an ancient hospital building (loaded with asbestos) on it.

If somebody made an offer on a piece of property at $3.00 a square foot would the owner accept another offer at $2.00 a square foot?

[LaCajunsFan]

OMG, Helmut. Didn't realize how much of a FB person I had become: I kept looking for the "like" button on your last post, lol.

[CajunRebel]

Am I the only one who thinks the $36 million asking price is about $30 million too high?

[Boomer]

I thought that I had posted this --well I did somewhere ----that the Diocese of lafayette owns the property and they have a long term lease with the hospital and they are right to demand their due rent--but there has to be a way to get around this and have UL get the property!!!

[Turbine]

Am I the only one who thinks the $36 million asking price is about $30 million too high?

They are not asking what they think it is worth, they are asking what they think they can get.

I bet they would have traded straight up for the Horse Farm.

Like me, they probably would have valued the HF at $40 mil.