Citadel project clears first hurdle for tax exemption

Still needs approval from city, CPSO and School Board before being presented to state for review

<p class="p1">An aerospace company that plans to invest millions of dollars for an aircraft center at Chennault International Airport could be exempt from paying local property taxes for several years, pending approval from several local and state entities.</p><p class="p1">The Calcasieu Parish Police Jury on Thursday approved an industrial tax exemption contract between Citadel Completions LLC, the state and the Louisiana Department of Economic Development. </p><p class="p1">The contract also requires approval from the city of Lake Charles, Calcasieu Sheriff’s Office, and Calcasieu School Board. It then goes before the Louisiana Board of Commerce and Industry for review, followed by final approval from the governor.</p><p class="p1">Once approved, Citadel would be exempt from paying 100 percent of local property taxes for five years. After that, the company can ask for a three-year extension to exempt 80 percent of local property taxes, which would also require approval from local and state entities.</p><p class="p1">Officials with Citadel and Chennault announced in May that the aerospace company will invest $17.6 million for an aircraft center to modify the interiors of luxury and commercial aircraft, including Boeing and Airbus jets. The investment is expected to produce 256 new direct jobs with an average salary of $80,000 per year, along with 347 indirect jobs.</p><p class="p1">R.B. Smith, vice president of workforce development for the Southwest Louisiana Economic Development Alliance, said manufacturing businesses “are the center hub of any community’s economic development” in today’s market. He said the region will continue to collect sales tax revenue from new hires who are earning good salaries. </p><p class="p1">“For each of those jobs, they’re going to town and spending their money,” he said. “They’re using every service we’re using, and we’re going to need more people to support those services.”</p><p class="p1">Created and funded by Las Vegas businessman Sheldon Adelson, Citadel will be housed in two hangars at Chennault, along with an administrative building.</p>””Chennault-airfieldCourtesy of Chennault International Airport

SportsPlus

Local News

Police Jury considers increases to grass ordinance fees

Local News

Qualifying ends, ballots set for November election

Local News

American Press winner of eight Louisiana Press Association awards

Local News

Allen Parish flood maps available for review

Local News

Ten Commandments won’t go in Louisiana classrooms until at least November as lawsuit plays out

Local News

Airlines, businesses hit by global technology disruption

McNeese Sports

Long road to McNeese

Business

Appeals court sends Commonwealth LNG decision back to FERC

Crime

Trooper arrested following off-duty DWI crash

Crime

Police: Attempted rapist broke into woman’s apartment through bathroom window

Local News

Daily showers, thunderstorms expected over next week

Crime

BREAKING: Police investigating early morning homicide

Local News

Council defers vote on potential Ernest and W. Claude development

life

Somber moment in community as Sacred Heart High School Gym demolished

Local News

Comedian Bob Newhart, deadpan master of sitcoms and telephone monologues, dies at 94

Local News

Trump has given no official info about his medical care for days since an assassination attempt

Local News

Lake Charles Police Department to host free National Night Out community event

life

Cajun Music and Food Festival introduces inaugural accordion contest

Crime

7/18: Calcasieu Parish Sheriff announces arrest list

Business

BREAKING: Smoke from Calcasieu Refinery blamed on flare

Jim Gazzolo

Jim Gazzolo column: Goff ready to turn the page on 2023

Local News

Toddler dies after shooting himself in the face, sheriff says

McNeese Sports

Early work for Cowboys

Local News

WEATHER WATCH: Torrential downpours in forecast