LAFAYETTE, La. (AP) – The Lafayette Airport Commission has voted to push forward with a plan to put a 1-cent, 8-month sales tax proposal before voters this year to raise funds for a new terminal.
The Lafayette City-Parish Council would have to approve the tax election, and the commission is expected to seek council approval by the end of April.
Commission Chairman Matt Cruse said Wednesday the sales tax would generate an estimated $35 million,.
Cruse tells The Advocate the new terminal and related improvements for additional parking and to accommodate more and larger airplanes would cost an estimated $90 million.
Cruse says the balance would come from state and federal funds and bonds that the airport could repay over time.