Festival International de Louisiane is moving its offices from Jefferson Street to the old Greyhound bus station on Lee Avenue in downtown Lafayette, the nonprofit group announced Monday.

The Lafayette Public Trust Financing Authority, a public agency that owns the bus station and several other downtown properties, OK’d a deal last month to sell the building to Festival International, the nonprofit group that organizes Lafayette’s annual world music festival each spring in downtown.

Festival International plans to move into the new facility next summer, the year the festival celebrates its 30th anniversary.

“The fact that festival will be moving into a permanent home during our 30th anniversary year feels too good to be true. It ensures festival will remain downtown for many years to come,” Festival International Executive Director Missy Paschke-Wood said in an announcement about the move.

LPTFA agreed to sell the building to festival for $400,000.

The old downtown bus station has been vacant since 2012, when Greyhound moved its Lafayette terminal to the Rosa Parks Transportation Center a few blocks away.

The LPTFA bought the building from in Greyhound in 2013.

City-parish government had considered using the building for a new downtown police precinct, but ultimately decided against the location.