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re: Good news for Lake Charles area - Commonwealth LNG moving forward in Cameron Parish
Posted on 8/16/23 at 2:56 pm to rowbear1922
Posted on 8/16/23 at 2:56 pm to rowbear1922
What was the value of the land purchased?
2
Posted on 8/16/23 at 3:02 pm to jizzle6609
quote:
What was the value of the land purchased?
No idea but for 1/6th the acreage as what I mentioned, I doubt it was more than the $5.4M mentioned.
Even at $10k per acre (3x per acre compared to the google search), the property would come out to less than the $5.4 quoted. So either way, less than $18k property tax per year
Posted on 8/16/23 at 3:10 pm to jizzle6609
Most LNG companies aren't buying any land, it's a 99 year lease.
Sempra Global did purchase and also acquired an additional 6,000 ac for mitigation from two landowners. Both landowners made out like bandits on the sale.
Sempra Global did purchase and also acquired an additional 6,000 ac for mitigation from two landowners. Both landowners made out like bandits on the sale.
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