It is all speculation right now.
Orange County is competing with the state of Louisiana for the largest investment ever made in the county.
The $1.25 billion dollar liquefied propane gas (LPG) terminal for Enterprise Products Partners LP along the Neches River would offer 15 permanent positions and hundreds of construction jobs according to Orange County Economic Development Director Bobby Fillyaw.
“The site is not visible to Orange County, unless you are riding up and down the river on a boat,” Fillyaw said. “We had to create a reinvestment zone in order to make application to the state.”
The zone, while not obligating the county, would allow for application for tax abatement from the state.
Tax abatement allows the owner of taxable real property exemption from taxation a portion of the value of the real property or of tangible personal property located on the real property, or both, for a period not to exceed 10 years, on the condition that the owner of the property make specific improvements or repairs to the property according to Texas Tax Code 312.204.
“This is good for economic development for the county,” Fillyaw said. “It means a lot to Orangefield School District.”
Fillyaw also said the county is competing with Louisiana for the plant.
“We showed we are willing to partner with the company to see the project through,” Fillyaw said. “We are doing everything in our power to have the company locate in Orange County.”
A full economic impact study has not been completed as yet according to Orangefield ISD Superintendent Dr. Stephen Patterson.
“In the broad picture, there is tremendous potential,” Patterson said. “But everything is speculative at this time.”
Patterson does not know when the formal announcement will be made concerning the location of the terminal but is looking forward to the statement.
It is all speculation right now.
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