A major development looks set for downtown Bossier City.
The Bossier City Council gave final approval Tuesday to the sale of a 13.7-acre lot in the East Bank District.
Dapper Holdings, LLC is purchasing the land, located at the corner of Coleman Street and Bearkat Drive, for a $35 million medical facility, boutique hotel, and office building.
The development is expected to bring 75 to 100 temporary construction jobs and 100 permanent jobs.
Of the sale profits, $750,000 will be used to build two new parking lots in the East Bank District and another $700,000 of the sale will go towards completing design drawings for the Louisiana Tech Research Institute (LTRI) in the city’s National Cyber Research Park.
Pam Glorioso, chief administrative officer for Bossier City, said the city is 30 days away from closing on the sale, which means it would officially transfer the first of November.
The city has already contracted with Civil Design Group to design the parking lots and they have been sent out to bid. The city expects to open those bids the first of the November as well.
“That’s all we got, that’s as deep as I can get right now,” Glorioso said.
The first phase of the proposed development is a 60,000 square feet medical facility, which would begin as a 10-bed short stay surgical hospital with an ambulatory surgery center.
William Barrow, representing Dapper Holdings, previously declined to disclose who the operator of the facility would be.
However, he told the city council last month he sees the medical facility as an “evolving” development.
“It would be developed to allow other healthcare facilities,” said Barrow. “It would be allowed to develop services such as rehabilitation and acute care.”
Construction is expected to begin six months after the sale is finalized. Estimated completion time is less than two years.
Bossier City Attorney Jimmy Hall told the Press-Tribune in September regarding the design of LTRI, “This will put us in the situation to be fundable. It’s like a state project — in order to get funding, you have to be shovel ready. This gets us ready to go seek funding.”
LTRI is a joint effort between the Cyber Innovation Center (CIC) and Louisiana Tech to expand the knowledge-based, 21st century workforce by advancing public/private partnerships, accelerating applied research and development, and promoting the commercialization of technology in the areas of cyber, energy, and resiliency.
The land, previously owned by the Bossier Parish Police Jury and City of Bossier City, was appraised for $1.49 million.
It sits in the city’s new East Bank District which saw major renovations and improvements to spur development and growth in central Bossier City.