On April 20, 1999, the City Council established the Lafayette Urban Renewal Authority (LURA). LURA’s purpose is to serve as the public entity to effect revitalization and redevelopment in the Old Town and South Boulder Road areas.
The mission of LURA is to encourage revitalization and redevelopment in the Old Town Urban Renewal Area and the South Boulder Road Urban Renewal Area by working in partnership with property owners to improve existing structures, fostering new development, and preventing deterioration of properties within the urban renewal districts.
In 2011, LURA adopted a Downtown Vision Plan to set forth policies for the future of downtown and to outline a strategy to continue the area’s revitalization. Since that time, LURA has accomplished a number of recommendations in the Vision. See LURA's Progress on the Downtown Vision.