re: Port NOLA moves forward with land acquisition for St. Bernard Parish cargo terminal

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don’t know exactly how taxes work for a port but I would guess that it would be a huge revenue generator for the area.

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The port itself, as a state agency, is exempt from property tax. So assets PORT NOLA builds / owns will not pay property taxes.

However, if private companies come in and bring equipment, build warehouses, etc, those assets would pay property tax (unless they get an exemption, which I'm sure they will ask for).

Part of the pull of this project is that the northern part of the site would become a manufacturing / transport hub which could bring in taxable property (again, if they don't et an industrial exemption).

If this thing brings in 600 - 700 jobs there could be sales tax revenue, maybe employees move into the parish and buy homes, etc.

The direct tax revenue to the parish is not super high... but it could provide a lot of good jobs which keep people here. Most intelligent people realize that Valero and Chalmette Refining won't be around here forever. CR especially isn't in the greatest financial shape right now and it would not surprise me at all if they shut down in next 5 years.