The Lafayette Public Trust Financing Authority says things are moving in the right direction in their effort to buy the former Greyhound bus station to turn it into a new police substation.

Three weeks ago, the LPTFA held a meeting to announce their plans to purchase the vacant facility on Lee Avenue.  Board Chairman John Arceneaux told KPEL at that time that Lafayette Consolidated Government expressed interest in working with the Lafayette Public Trust Financing Authority to create a police substation at that address.

Last night, the Lafayette City-Parish Council approved an ordinance that gives up Consolidated Government's right of first refusal to purchase the land, leaving room for the Lafayette Public Trust Financing Authority to buy the property.  Lafayette received that right of first refusal as part on an earlier lawsuit settlement.

Arceneaux says the Lafayette Public Trust Financing Authority now has the ability to buy the property for $157,000.  The planning phase of the project is in its beginning stages.