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re: Starbase Louisiana-tax incentives

Posted on 9/3/26 at 12:41 pm to
Posted by loogaroo
Welsh
Member since Dec 2005
43618 posts
Posted on 9/3/26 at 12:41 pm to
quote:

I think Exxon gave up ownership of the land to Vermilion Parish, and Space X will be leasing the land. Similar to what they're doing in Donaldsonville.


I get that, but what was Exxon potentially on the hook for before the lawsuit was dropped?
Posted by The Pirate King
Pangu
Member since May 2014
69902 posts
Posted on 9/3/26 at 12:43 pm to
People like those that wrote that article would prefer Louisiana continue failing
Posted by slidingstop
Member since Jan 2025
2653 posts
Posted on 9/3/26 at 12:52 pm to
quote:

Idk that I trust our parish to spend it wisely. I guess time will tell .. if our roads and infrastructure don’t get better we’ll know they’re screwing us.



I think any and all skepticism that any government agency at any level will be responsible with the public's money is justified. Not a single one has ever done anything to earn the public's trust.
Posted by jcaz
Laffy
Member since Aug 2014
19475 posts
Posted on 9/3/26 at 12:57 pm to
quote:

Like his promises that he's going to have 30 space flights a day from the facility?

10 years ago they said he was crazy for suggesting he could re-use a rocket booster multiple times. They just retired one after doing 25 flights. Do not bet against Musk or his people.
Posted by MikeD
Baton Rouge
Member since Jan 2004
8649 posts
Posted on 9/3/26 at 1:48 pm to
quote:

It would still be sitting there producing nothing in 25 years if it weren't for SpaceX, so putting a made-up number on it of $24 billion is clickbait bullshite


Agreed. Do you know what the assessed taxes are on it currently? I'm sure that Vermillion Parish budget will be increasing significantly from the $25 MM per year.
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