WEST LAFAYETTE, Ind. (May 20, 2015) – Today, the West Lafayette Redevelopment Commission approved the Project Development Agreement (PDA) for the State Street Redevelopment Project. The West Lafayette City Council and the Purdue Research Foundation Executive Committee also approved the agreement at their respective meetings held on May 19. The Purdue University Board of Trustees previously voted in favor of the agreement on May 15. The approvals by the four groups officially unite the city and the university as partners in the venture.
The PDA outlines the expectations and responsibilities of both the City of West Lafayette and Purdue University as they partner together to complete the project. It also covers such important topics as cost-sharing, funding, project management and oversight, and the procurement process. Under the agreement, the Joint Board, established under the 2014 interlocal agreement between the university and the City of West Lafayette, is charged with overseeing the delivery of the project.
West Lafayette Mayor John Dennis said, “The decisions made by the city and university to approve the PDA demonstrate a desire on both sides to work together toward one common goal – that goal being to improve the quality of life for our citizens, students and visitors.”
The next step in the State Street Redevelopment Project will be for the Joint Board to release a Request for Qualifications (RFQ) to firms interested in submitting proposals for the project. The RFQ is expected to be released on May 21.
The State Street Redevelopment Project is a collaborative effort between the City of West Lafayette and Purdue University to improve quality of life by transforming State Street into a more desirable destination for the local community and visitors. For more information about the State Street Redevelopment Project, visit www.statestreetwl.com.