Last meeting, the Monroe City Council heard some potential good news that could portend the disappearance of bad news it will have to deal with starting at its meeting this week – but maybe discover a whole new set of problems for which it will require foresight and discipline to manage.
At that last session, independent Mayor Friday Ellis revealed the city could be receiving a major economic development project. He asked for, which the Council granted, permission to sell the old Ouachita Candy Company riverfront property which the city bought a few years ago to a developer that would create a mixed-use complex.
The project builds upon the win down the road in Richland Parish snagging Meta’s Hyperion Project, a data center that is forecast to pump in $27 billion to the region for startup and continue with hundreds of higher-paying jobs. Anecdotal reports are that the activity has pumped up lodging, entertainment, real estate, and general retail sales, and triggered interest in the historic property, which Ellis said those elements making it historic will be retained because of the tax credits involved and the complex built around it.