- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
LWCC buying up more land around their office building in Baton Rouge
Posted on 6/24/21 at 9:34 am
Posted on 6/24/21 at 9:34 am
quote:
LWCC buys Acadian Thruway Chevron station, adding to its list of recent big purchases
The Advocate
LWCC has purchased an Acadian Thruway Chevron station, giving the private workers’ compensation company control of a 7.7-acre tract between Interstate 10 and Bawell Street.
The company paid $907,000 for the half-acre property at 2313 South Acadian Thruway. The seller was the Kavanaugh & Tudor Co. of Alexandria. Kavanaugh & Tudor also owned the land at 2323 South Acadian that’s the home of Mestizo Restaurant. LWCC bought that property in January for nearly $2.2 million.
Just like the Mestizo deal, Chevron has a long-term lease on the property, so the gas station and convenience store will continue to operate as is, said Seth Irby, a spokesman for LWCC.
Buying the gas station came up when LWCC was discussing a deal for the Mestizo property with Kavanaugh & Tudor. But the company wanted more time to conduct environmental reviews and evaluate the site before agreeing to the purchase, Irby said.
The deal gives LWCC more access from Acadian Thruway to two former hotel properties it owns at the intersection. Before the Mestizo sale, there wasn’t a direct route from Acadian to the land.
I didn't really think LWCC was the kind of business that was booming. But they've bought everything between their current office building and I-10, including two hotels that they've demolished.
Good for them I guess. Wonder if they are going to develop it into some new restaurants or if they are just going to expand their office building.
11
Posted on 6/24/21 at 9:36 am to goofball
quote:
Bawell Street.
Nice
Posted on 6/24/21 at 9:38 am to goofball
I see they already bought the property Mestizo's sits on.
Maybe LWCC can get the drainage issues fixed in that little corner of the world.
Maybe LWCC can get the drainage issues fixed in that little corner of the world.
Posted on 6/24/21 at 9:40 am to goofball
Seems odd that the entire article never once says what LWCC stands for. Isn't the rule for acronyms that you spell it out the first time, then use the acronym from there forward?
Yes, it was a very easy google search, but still just seems weird to me for some reason.
Yes, it was a very easy google search, but still just seems weird to me for some reason.
Posted on 6/24/21 at 9:43 am to CocomoLSU
It’s the advocate, they likely have no clue either and didn’t feel like looking it up
Posted on 6/24/21 at 9:44 am to goofball
The hotels they demolished were terrible and were struggling. A nicer name brand hotel with Mestizo incorporated into it would do pretty well there (Hilton, Hyatt...whatever is not already nearby). LSU game days alone would pay their bills.
But I suspect that LWCC wants to eventually put a new office building there.
But I suspect that LWCC wants to eventually put a new office building there.
Posted on 6/24/21 at 9:48 am to Unobtanium
quote:
I see they already bought the property Mestizo's sits on.
I heard Mestizo's is pretty good.
Has TJ Ribs gotten better? It was awesome about 25 years ago, then kind of faded. I remember them having some pretty neat LSU memorabilia.
Posted on 6/24/21 at 9:49 am to goofball
quote:
Wonder if they are going to develop it into some new restaurants or if they are just going to expand their office building.
Neither. It was defensive. A bunch of whores and drug dealers were taking over the motel.
Posted on 6/24/21 at 9:49 am to member12
quote:
But I suspect that LWCC wants to eventually put a new office building there.
they just finished a pretty significant remodel.
And LWCC is very wealthy because they charge high premiums to employers and are very stingy when it comes to claims. so just another insurance company...
Posted on 6/24/21 at 9:51 am to goofball
Louisiana Workers Compensation Corp
Posted on 6/24/21 at 9:52 am to CocomoLSU
quote:
Seems odd that the entire article never once says what LWCC stands for.
Leveraging
White
Community
Caucus
Posted on 6/24/21 at 9:53 am to dewster
quote:
I heard Mestizo's is pretty good
It's a very solid restaurant
Posted on 6/24/21 at 9:56 am to goofball
quote:
I didn't really think LWCC was the kind of business that was booming
In Louisiana, insurance companies and injury lawyer companies are always booming.
Posted on 6/24/21 at 9:58 am to Motorboat
quote:
And LWCC is very wealthy because they charge high premiums to employers and are very stingy when it comes to claims. so just another insurance company...
Absolutely incorrect!
LWCC DOES charge high premiums, but they also pay dividends to the companies they insure, which are shareholders (of some sort I don't understand). Definitely not just another insurance company. It is very unique.
Posted on 6/24/21 at 10:05 am to CocomoLSU
quote:Journalism is a far cry from what it used to be.
Seems odd that the entire article never once says what LWCC stands for. Isn't the rule for acronyms that you spell it out the first time, then use the acronym from there forward?
Yes, it was a very easy google search, but still just seems weird to me for some reason.
Posted on 6/24/21 at 10:39 am to goofball
Interesting.
I don’t like the idea of them buying up so much land around there but that Chevron is skeevy as hell, much like the gas station at College and Corporate that the homeless people hang out at.
I don’t like the idea of them buying up so much land around there but that Chevron is skeevy as hell, much like the gas station at College and Corporate that the homeless people hang out at.
Posted on 6/24/21 at 10:42 am to Motorboat
quote:
they just finished a pretty significant remodel. And LWCC is very wealthy because they charge high premiums to employers and are very stingy when it comes to claims. so just another insurance company...
We get a rebate every year that covers a substantial portion of our premium
Posted on 6/24/21 at 10:54 am to Penrod
quote:
LWCC DOES charge high premiums, but they also pay dividends to the companies they insure, which are shareholders (of some sort I don't understand). Definitely not just another insurance company. It is very unique.
I was an adjuster for them for about 5 years and then was a commercial insurance agent for another nearly 5 (before management changed
). I had a LOT of clients with them. They are definitely not the most competitive WC carrier around and I heard plenty of bitching as an agent about they way claims were handled/settled/defended. The dividends definitely outweighed any desire to move to another carrier. They are unique in that it is a mutual insurance company (meaning they are owned by the policyholders and paid a dividend) and was created by the state legislature under Mike Foster because comp carriers were exiting en masse due to the fact that it was not profitable for those carriers to write in Louisiana.
ETA: Not sure of their motive in buying up all the property around the main building especially since the work force has trimmed due to COVID and/or employees leaving on their own accord.
This post was edited on 6/24/21 at 10:56 am
Posted on 6/24/21 at 11:08 am to goofball
The same company that shelled out millions in unemployment to dead folks and prisoners. You can't make this up.
This post was edited on 6/24/21 at 11:09 am
Posted on 6/24/21 at 11:09 am to goofball
Gonna put up that perimeter wall to keep out the riff raff
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News