Up to $1 million in St. John the Baptist Parish economic development money could be used to help the South LA Port Comission in building the west bank pier Formosa requested. Port commission must submit a budget first outlining how the parish money would be used in construction and then the Parish Council must approve it. The commission approved up to $25 million in revenue bonds to build a 2,000ft. pier near Wallace in December. Commission will own the pier and lease it to Formosa.And in Feb., Parish Council agreed to help the commission, using meony from the Economic Development Fund parish voters creaetd with a smal sales tax increase in 1988. Lester Millet aware that cannot give money directly to industries as inducement, but this is a roundabout way they can induce them. Article also notes that to build the pier, port will first have to acquire the land, and if owners do not want to sell the port could expropriate the land and pay the owners fair market value for it.
Bob Warren, 22 March 1990, "News Article: St. John money may help build Formosa pier", contributed by Sheila Tahir, Project: Formosa Plastics Global Archive, Disaster STS Network, Platform for Experimental Collaborative Ethnography, last modified 30 January 2023, accessed 28 November 2024. http://465538.bc062.asia/content/news-article-st-john-money-may-help-build-formosa-pier
Critical Commentary
Up to $1 million in St. John the Baptist Parish economic development money could be used to help the South LA Port Comission in building the west bank pier Formosa requested. Port commission must submit a budget first outlining how the parish money would be used in construction and then the Parish Council must approve it. The commission approved up to $25 million in revenue bonds to build a 2,000ft. pier near Wallace in December. Commission will own the pier and lease it to Formosa.And in Feb., Parish Council agreed to help the commission, using meony from the Economic Development Fund parish voters creaetd with a smal sales tax increase in 1988. Lester Millet aware that cannot give money directly to industries as inducement, but this is a roundabout way they can induce them. Article also notes that to build the pier, port will first have to acquire the land, and if owners do not want to sell the port could expropriate the land and pay the owners fair market value for it.
Missing second page; says "See Scene, page 3"