re: Woodside reaches $17.5B investment decision on Lake Charles LNG facility

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I was born and raised in Shreveport and moved down here 2-1/2 years ago. The parks alone make this city awesome.

Plenty of places to go fish/kayak and take the kids. We love it down here.

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yea not sure what people want.

needs better recreation facilities for sure in LC but overall its not bad

i think its because people drive only along I-10 and assume thats it and never get off.

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Also, they have been doing a ton of civil work to the north of SHAW on Lincoln rd. is that where this facility is going?

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Louisiana LNG will be located in Carlyss (about 3 or 4 miles north of Cameron LNG in Hackberry)

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yea not sure what people want.

needs better recreation facilities for sure in LC but overall its not bad

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People always bitch about "stuff to do".

When new stuff comes, those people don't "do the stuff to do" and the businesses fail.

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Who knows. Most people I see complaining relate it to nightlife and dating scene.

Also, they have been doing a ton of civil work to the north of SHAW on Lincoln rd. is that where this facility is going?

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not sure, i havent been out that far in a min. usually stop just short of there

as far as nightlife goes...we have the casino...wtf they want from a metro of 200k that is mainly families?

as far as dating...wtf do they want

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time for the dumb "why lousiana stays poor" video to start making the rounds again

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Oh yeah, that’s true. Need to add Louisiana Budget Project to my above list of organizations who like to hinder economic growth in the state.

This is good news, but Louisiana really needs to focus on diversifying its economy. This will bring thousands of new direct operational jobs*****


***** contingent on the price of LNG, like the rest of the economy. Honestly at this point, one of the largest economic drivers not tied to oil and gas in the state at this point is the Buc-ee’s being built. The state really needs to focus on that, imo, while continuing to expand with projects like this

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Bucket Brigade
Rise St James
Tulane Law Center
Floodlight

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Bucket Brigade is non scientific analysis of emissions. But stupid people abound.

As for Rise St. James, a now retired older biz friend was part of the ownership of a proposed methanol plant in St. James Parish. Per him, the locals wanted guaranteed plant baw jobs above $100k per year without having to pass safety requirements such as passing a 3rd grade reading comprehension exam and a drug screen.

I had a tenant in Uptown, tatted up gal 20 years ago, who was part of all the social justice stuff while at Tulane Law School. She borrowed $250k (never late on rent) and last I heard was a dog walker in NYC. Her dad was a speechwriter for Democrat politicians after retiring from the military with a career of press relations and lived in Tallahasse.

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Louisiana's LNG export terminals benefit from significant tax breaks, which impact the state's revenue. According to recent reports, the state offers substantial tax exemptions to LNG operators through programs like the Industrial Tax Exemption Program (ITEP). This program allows LNG facilities to avoid paying billions in property taxes over several years.

For example, nine LNG export terminals in Louisiana are projected to avoid paying approximately $21.1 billion in property taxes between 2012 and 2040. These tax breaks are intended to incentivize industrial development but also result in reduced revenue for local governments and school districts.

While these tax breaks support the growth of the LNG industry, they also mean that Louisiana forfeits significant potential revenue from these operations.

Would you like more details on how these tax programs work or their impact on local communities?

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I hate to be a wet blanket, but does the state of LA receive any benefit for being the leader in LNG exports for the US? We forfeit $812 million per year by exempting property taxes for the main LNG players. I understand that's why they are deciding to build production and export facilities here, but are we overstating the impact to our state's economy?

I listened to the presser during lunch, and they announced around 7,500 jobs during construction. Then shrinking to about 500 jobs post-construction. Does that mean LC will get an influx of families without the property tax boost for local services?

I am honestly looking to be corrected/educated, so someone please correct me. Is the sole benefit coming from 500 permanent jobs and the sales tax collected from those extra inhabitants?

My point of contention is that we are a resource rich state and are constantly broke.

Not sure if you’re referring to actual direct staff positions for the plant, but as far as the contractors during the construction phase, most of these mega jobs are at least over 50% Hispanic. I’d guess closer to 65-70% though. Lots of labor from the Houston, and south Texas area. TWIC is also not always required during construction. Lot of people onsite without it