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Message
re: Good news for Lake Charles area - Commonwealth LNG moving forward in Cameron Parish
Posted on 8/15/23 at 10:38 am to Tiger Ike
Posted on 8/15/23 at 10:38 am to Tiger Ike
quote:
You have to think at one time Sasol, Cameron LNG, LOTTE, and Indorama were all under construction at the same time.
And all within a few miles of each other as the crow flies.
We've seen a huge amount of investment on the river between Baton Rouge and New Orleans and again in the area around the Houston ship channel and towards Galveston. But in both cases it was over a longer period of time and in a larger area.
What Lake Charles saw has to be $35b worth of construction in a 10 year time span. I can't think of many parts of the country that has had that much private investment all at once in just a 10 or 20 square mile stretch. That's really impressive for a town the size of Houston or Atlanta....but for Lake Charles it's really astounding.
That's when Lake Charles solidified its future as a larger metro area than it is today IMO. Basically those early Jindal years were a real game changer for SW Louisiana.
Posted on 8/15/23 at 10:43 am to member12
quote:
That's when Lake Charles solidified its future as a larger metro area than it is today IMO. Basically those early Jindal years were a real game changer for SW Louisiana.
as long as we dont get hit by another hurricane.
but even with the hurricane destroying the area in 2020, still had growth 2010-2020 of 10%+
Posted on 8/15/23 at 1:38 pm to member12
quote:
What Lake Charles saw has to be $35b worth of construction in a 10 year time span. I can't think of many parts of the country that has had that much private investment all at once in just a 10 or 20 square mile stretch. That's really impressive for a town the size of Houston or Atlanta....but for Lake Charles it's really astounding.
I wonder if they will benefit from the 5 year Industrial Tax Exemption then re-file for the 5 year extension thus avoiding property taxes for a decade?
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