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Started By
Message
re: Good news for Lake Charles area - Commonwealth LNG moving forward in Cameron Parish
Posted on 8/16/23 at 2:38 pm to jizzle6609
Posted on 8/16/23 at 2:38 pm to jizzle6609
quote:
Prescribed medication, not street drugs.
ok so where did you get they dont pay taxes on groceries? because i live in LC and i do.
1
Posted on 8/16/23 at 2:42 pm to rowbear1922
quote:
The property owner. Since it’s undeveloped land, they are only paying the property tax on the value of the land. After the exemption is over, the company is paying for the value of the property after all the upgrades
So would you agree the parish did take a revenue hit then since they are no longer collecting on that tract? This would then reduce the % of taxed land in the parish thus reducing short term budgeted revenue right?
Roger that on the exemption ending.
Posted on 8/16/23 at 2:45 pm to jizzle6609
The field is destroyed with the amount of times you have moved the goalposts in here 
Posted on 8/16/23 at 2:47 pm to lsu777
This is my fault, you pay roughly 5.75%. The state exempts its people from paying on groceries and prescription medication. You use to pay 10%.
Louisiana Revised Statute 47:305(D)(1)(n-r)
Louisiana Revised Statute 47:305(D)(1)(n-r)
Posted on 8/16/23 at 2:48 pm to jizzle6609
quote:
So would you agree the parish did take a revenue hit then since they are no longer collecting on that tract? This would then reduce the % of taxed land in the parish thus reducing short term budgeted revenue right?
Just a real quick google search comes back with the avg property tax in CP is 0.35% the lands value.
Another quick search of land for sale in CP comes back with 1,658 acres for sale (much smaller than at least the project I’m on) for $5.4M. At 0.35%, that comes out to $18,550 a year in property tax
Yea, I think over $100k a month in sales tax easily makes up for the property tax
Posted on 8/16/23 at 2:50 pm to LSU fan 246
quote:
he field is destroyed with the amount of times you have moved the goalposts in here
Its never been moved. I'm trying to get a full scope and understanding of this.
No one finds it odd these companies just keep stashing these plants in the parish? Has anyone ever questioned why Texas wouldn't do more to keep these heavy hitters?
Posted on 8/16/23 at 2:51 pm to jizzle6609
quote:
This is my fault, you pay roughly 5.75%. The state exempts its people from paying on groceries and prescription medication. You use to pay 10%.
Louisiana Revised Statute 47:305(D)(1)(n-r)
thank you
now explain your environmental concerns and how one mistake could take out the whole project please
before you do though, please keep in mind, i do this for a living. i design and manage capex projects.
Posted on 8/16/23 at 2:54 pm to jizzle6609
quote:
No one finds it odd these companies just keep stashing these plants in the parish? Has anyone ever questioned why Texas wouldn't do more to keep these heavy hitters?
Texas is getting them too. It’s not just Louisiana or Cameron parish in particular Posted on 8/16/23 at 2:56 pm to rowbear1922
What was the value of the land purchased?
Posted on 8/16/23 at 2:58 pm to lsu777
quote:
before you do though, please keep in mind, i do this for a living. i design and manage capex projects.
Thats great, you seem really good at it.
quote:
now explain your environmental concerns and how one mistake could take out the whole project please
None, if you guys arent concerned I'm not. Yall are the outdoorsmen.
This post was edited on 8/16/23 at 2:59 pm
Posted on 8/16/23 at 2:59 pm to jizzle6609
quote:
No one finds it odd these companies just keep stashing these plants in the parish?
do i find it odd that LNG companies woul want to be close to refineries along the gulf coast which is like 90% of US refineries, want to be close to a deep ship channel, close to the gulf and close to available manpower that knows how to engineer, build and operate plants like this all while being far enough away from large population center that land is extremely cheap?
yea so odd
and they are building them in plaq parish too
quote:
Has anyone ever questioned why Texas wouldn't do more to keep these heavy hitters?
keep? this is a new facility and texas does do a lot to get these types of projects. a simple google search would tell you there is an 18billion dollar plant going to happen in Brownsville.
sometimes though...LA actually has the better deal for the companies when you factor in everythign.
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 3:03 pm to lsu777
quote:
do i find it odd that LNG companies woul want to be close to refineries along the gulf coast which is like 90% of US refineries, want to be close to a deep ship channel, close to the gulf and close to available manpower that knows how to engineer, build and operate plants like this all while being far enough away from large population center that land is extremely cheap?
yea so odd
Good point.
quote:
ometimes though...LA actually has the better deal for the companies when you factor in everythign.
Louisiana always has the better deal.
I guess we will see by 2035 how this is working out.
Posted on 8/16/23 at 3:04 pm to rowbear1922
quote:
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
And it was just clear uninhabited land with no structures?
Posted on 8/16/23 at 3:06 pm to jizzle6609
quote:
And it was just clear uninhabited land with no structures?
For commonwealth and the one across the pass, yes. Both are on properties that do not have any structures in them right now. Before the hurricanes, maybe there were some, but currently, no.
Posted on 8/16/23 at 3:08 pm to jizzle6609
quote:
Louisiana always has the better deal.
So why are LNG plants being built in Texas?
This post was edited on 8/16/23 at 3:09 pm
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.
Posted on 8/16/23 at 4:32 pm to KemoSabe65
quote:
ost 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.
That would explain the a private investor buying then leasing back the Driftwood property to Tellurian.
This makes things a littler more interesting.
Posted on 8/16/23 at 4:33 pm to rowbear1922
quote:
So why are LNG plants being built in Texas?
Because Texas can do what it wants, its that simple for them.
Posted on 8/16/23 at 7:00 pm to jizzle6609
quote:
Because Texas can do what it wants, its that simple for them.
:facepalm:
This post was edited on 8/16/23 at 7:01 pm
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