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

Local News

Scooter Hobbs: ACC-SEC challenge may be the future of CWS

Local News

Heavy rainfall expected this week over several days

Jim Beam

Jim Beam column:Pet project system is unfair

Local News

Area residents talk about their fathers

Local News

Out-of-state students spend summer vacation helping area residents

Crime

Police searching for bank robbery suspect

Local News

Jeff Davis Police Jury members vote to give themselves raises

Local News

Authorities trying to identify body found in shed

Local News

Area woman recipient of National Caregiver of Year Award

Local News

US 165 closure planned next week

Crime

1 of 2 abducted La. children found dead after mother killed

McNeese Sports

Schroyer named to national committees

Local News

17 state AGs sue Biden administration for allowing foreign farmworkers to unionize

Local News

Rounds of storms possible as tropical disturbance expected to move into Gulf

Local News

La. Supreme Court reverses ‘lookback window’ decision

life

Alligator Park closed due to high water

Business

Preserving the past: Ryan Street historic district could become reality

life

Juneteenth Freedom Festival: Family fun, fireworks, food and more in lineup for area’s 4-day celebration

Local News

Jennings City Council considering whether to increase salaries for mayor, council members

Local News

Contentious Iowa Council meeting ends with abrupt adjournment

life

Feel the Wheels at the Moss Bluff Library

Local News

NBA great Jerry West dies at 86

Jim Beam

Jim Beam column:Pet projects have long lives

Crime

Local man pleads guilty to 10 counts of carnal knowledge of a juvenile