In early April, the Port of South Louisiana approved a deal that would allow an agriculture export company to avoid paying just over $200 million in property taxes on a grain terminal planned in St. John the Baptist Parish.
Under the agreement, Greenfield Louisiana, LLC would build the $479 million grain elevator and then transfer the ownership of that property to the Port of South Louisiana, which is exempt from paying ad valorem taxes. The port, in turn, would immediately lease the project back to Greenfield for its continued operation.