"When you can attract artists into the community in lieu of the barroom scene you have done so much," Dickie Breaux says. "Anywhere you go I feel the Achilles heel of the creative community is a lack of reverence for historical property."
With Breaux's track record in historic preservation, his recent bid to buy and operate Borden's Ice Cream store on Johnston Street ("Sweet Offer," Feb. 9) looked rich with promise. The shop has been a local landmark since it first opened in 1940 and is the last remaining Borden's retail store in the United States. Breaux wants to keep it that way. But the entrepreneur now says he's reached a stalemate with representatives of the UL Lafayette Foundation in negotiations to buy the property.
"They just don't get it as far as I can tell," Breaux says. Breaux has already reached an agreement with Borden's officials to maintain operating the store under the company name, but the property is owned by UL. Breaux says his offer of $9.50 per square foot for the 17,000 square foot lot was countered by the UL Foundation Board with a request for $14 per square foot. "I think the counter offer was not fair," Breaux says. He responded with a request to lease the property for 25 years, but hasn't heard back from UL in the past month. "My only interest is to keep Borden's open, and I'm wide open to almost any situation if they want to do a profit sharing deal or something else," says Breaux. "I don't mind coming up with the capital to restore the building."
If he does acquire the property, Breaux says he is prepared to spend an additional $120,000 fixing antiquated electrical wiring, replacing Borden's air conditioning unit and adding another building for storage so he can expand capacity.
UL President Ray Authement says the decision lies in the hands of the UL Foundation board, on which he serves with 30 other members. He says the committee has referred the matter to its building committee to negotiate. "That's sort of a unique property," Authement says. Though he refuses to discuss the specifics of any offer, Authement says, "We're looking at the best possible deal for the foundation. The money in time accrues for the betterment of the university."
According to Lafayette Parish Tax Assessor Conrad Comeaux, the last property to be sold in the area was a lot at 1715 Johnston St. near Rex Street, which went for $6.23 a square foot. Breaux says he checked with Comeaux's office to gauge fair market value before making his initial offer. "Borden's has done everything they can to assist to me," Breaux says. "I wish the cooperation was the same from the university. I'm not interested in becoming a real estate baron in downtown Lafayette. I'm just trying to keep Borden's open."
The University foundation inherited the Borden's property from Flora Levy, who passed away in 1981. Dr. Maurice duQuesnay, the executor of her will (and a UL English professor), says Levy did not put any stipulations on the donation, but notes, "Her hope was that the property would be a sustaining and permanent investment for her endowment."
UL Foundation board chairman Rusty Cloutier maintains the board will negotiate in the best interest of the foundation, but also declined to comment on specifics of any offers and counter offers. "The foundation takes this piece of property very, very seriously," he says. "We are very aware of the value of the area." Both Authement and Cloutier also say they are sensitive to the community's desire to keeping Borden's open. "The question is: is it best to sell at a certain price yet to be determined or to continue to lease?" Authement asks.
Cathy Webre, director of the Downtown Development Authority, says she hopes the two parties can reach an agreement. "If you went in and actually tried to restore the building and had an entrepreneur like Dickie really promote the business, I think it could be very influential," she says.
Breaux is frustrated over the lack of movement in the negotiations. "I see that area as the creation of a whole arts community, and I think Borden's would be a wonderful continuous thing to something already started there," he says. However, Breaux fears that the only way UL will get top dollar for the property is for it to sell off Borden's completely. "The issue is simple in my mind," he says. "Do they want to see Borden's continue and have a really unique restoration and the only Borden's retail store still in existence for this area, or do they want another Taco Bell?"
The latest meeting of a south Louisiana flood board that stirred political turmoil with a lawsuit against the oil and gas industry is taking place amid uncertainty over the future of the lawsuit — and the board's own membership.
The photos taken nearly a mile under the Gulf of Mexico are so clear that small holes are visible in a lifeboat that may have gone down or been scuttled when a passenger ship was sunk by a Nazi submarine in 1942.
Advocate columnist and Jindal shill Quin Hillyer has been against the New Orleans levee board lawsuit from day one, but a recent piece targeting author/activist John Barry prompted the perfect rebuttal from the board’s former vice-president, who takes Hillyer to task on just about every distorted claim he’s made on the issue.
Thursday's Blogs from the Bog!
Pat Bowlen steps down; typhoon caused Taiwan plane crash; Arizona execution botched and more national and international news for Thursday, July 24, 2014.
Thousands of people who bought health insurance through the marketplace created by the federal health care overhaul face price hikes next year that could top 10 percent.
Louisiana fell one spot in an annual national ranking of child well-being that looks at poverty, education and health access.
A federal judge has decided he doesn't need to hear more arguments in the case of a gay couple who want a Louisiana marriage license.
Saints again bring playoff aspirations into 2014 campaign.
New details in the case against the man arrested for last week’s bomb threat and bank robbery has surfaced, including a MidSouth Bank surveillance video showing the alleged suspect attempt an early-morning bank robbery.
Parents and teachers who support the Common Core education standards sued Gov. Bobby Jindal Tuesday over his actions against the multi-state standards, accusing him of illegally meddling in education policy.
An arrest was announced this morning in connection with last week’s bomb scare at UL Lafayette.
Attorneys, judges and others interviewed by LaPolitics expect 15 to 20 district judge races this year.
"I feel like I'm under siege," an attorney said recently over drinks at Galatoire's Bistro in Baton Rouge. "We all do. Every time I turn around somebody wants a check. District attorney races. The judges. They're killing us."
As a requirement for running for Congress in the 6th District, former Gov. Edwin Edwards has filed his financial disclosure statement with the U.S. House showing his income in 2013 totaling $242,787.
Unlike those swindled by Bernie Madoff, the victims of Texas businessman Robert Allen Stanford’s Ponzi scheme won’t be getting any relief from the Securities Investor Protection Corp.’s emergency fund after a recent appellate court ruling.
The legal challenge is part of a continuing struggle over Common Core, which has become controversial since the Board of Elementary and Secondary Education adopted the standards in 2010.
The lone Democrat to announce he's running for governor, state Rep. John Bel Edwards, criticized Republican Gov. Bobby Jindal's budgeting tactics as "running the state like a big Ponzi scheme."
State police have arrested a 42-year-old Kaplan man in the July 7 hit and run fatality crash that killed a bicyclist on Louisiana Highway 92 near Milton.
Republican U.S. Rep. Bill Cassidy has picked up support for his U.S. Senate campaign from a former GOP competitor.
Lisa Hargis Smith lived a mysterious life as seen with her death earlier this month and its impact on the community of those who knew her, whether as a star student in Lafayette High’s class of ‘69, or later as a woman struggling with homelessness and mental illness.
Attorney Valerie Gotch Garrett will announce on Tuesday that she plans to run for the Division E seat of the 15th Judicial District Court.
Back in 2012, three Baton Rouge attorneys came to the aid of several disgruntled police officers with a high-profile lawsuit against the Lafayette Police chief and a number of higher-ups in city-parish government, but in a federal courtroom Thursday, their claims of conspiracy coupled with a lack of evidence backfired and the case was dismissed.
Gov. Bobby Jindal's administration intends to rework how it pays the private managed care networks that provide health services to two-thirds of Louisiana's Medicaid patients.
Gov. Bobby Jindal's administration is raising health insurance rates and cutting benefits for state employees and retirees, to keep their insurance program solvent.